KQEH Nightly Business Report June 22, 2024
Time in a decade and the markets seem to like the cluelessness. The dow rose to 17,751. The s p climbed 15. Steve has more on what the fed did and did not say. The Federal Reserve left Interest Rates unchanged as expected but whether it hinted at a rate hike to come in the next meeting. On the one hand it upgraded one part joblgs. But it left the second one, inflation, unchanged. The fed doesnt want to show its hand as did it in the 2013 paper tantrum. We dont want to see any volatility in the Financial Markets the fed. There were solid job gains, a step closer to its criteria of gains in the ...