The Federal Reserve held interest rates steady at 4.25%-4.50% during Wednesday’s June meeting, with Chair Jerome Powell signaling no urgency to cut rates as officials monitor potential tariff-driven inflation impacts.
What Happened: Sage Advisory managing partner Thomas Urano told Yahoo Finance that while equity markets may not require rate cuts, the bond market could benefit from easing to move higher.
“I don’t think the market needs a rate cut. The bond market might need one to move higher from here, but I’m not convinced the equity market does,” Urano said.
Powell acknowledged “encouraging” inflation data but raised the Fed’s median core inflation forecast to 3.1% …