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Fed Freezes Rates as Labor Market and Inflation Risks Loom—Wall Street Yawns
Fed Freezes Rates as Labor Market and Inflation Risks Loom—Wall Street Yawns
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The Federal Reserve hits pause on rate hikes—again—while quietly sweating over a potential double-whammy of sputtering jobs data and sticky inflation.
Jerome Powell & Co. telegraphed caution in their latest non-move, signaling that the ’soft landing’ narrative might need a rewrite. Markets barely blinked—because at this point, everyone knows the drill: extend-and-pretend until something breaks.
Bonus jab: Another masterclass in kicking the can down the road. Maybe next time they’ll add ’transitory’ back to the glossary.
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