Fed's Rate Pause Continues, Powell Sends Mixed Signals: What Economists Predict Comes Next
Portfolio Pulse from Piero Cingari
The Federal Reserve has decided to keep the federal funds rate within the range of 5.25% to 5.5%, marking the second consecutive rate pause. Fed Chair Jerome Powell dismissed speculations of rate cuts but suggested a cautious approach to further rate hikes. Economists and market participants are uncertain about the Fed's next moves. The iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) rose 1.8% following the Fed's decision.
November 01, 2023 | 9:09 pm
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The iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) rose 1.8% following the Federal Reserve's decision to maintain the federal funds rate.
The Federal Reserve's decision to maintain the federal funds rate has led to a rise in the price of the iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT). This is because the decision indicates a cautious approach to further rate hikes, which is generally positive for long-term bonds like TLT.
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IMPORTANCE 75
RELEVANCE 100