Markets to correct, throwing up select buying opportunities
Things were rolling along fine for the markets until the FED meeting. Thursday, saw US markets fall as thoughts of an impending recession hit the markets overseas.
Things were rolling along fine for the markets until the FED meeting. Thursday, saw US markets fall as thoughts of an impending recession hit the markets overseas.
This decision comes after months of increasing the rate with the intention to cool the economy and marks the return to a more traditional interest-rate policy.
“While the delta variant presents a near-term risk, the prospects are good for continued progress toward maximum employment,” Powell said.
The US central bank left interest rates unchanged but opened the door for a possible rate cut in the future.
