Stagflation Fears Resurface as Fed Maintains Cautious Outlook on Cuts
From Investing.com: 2025-06-20 06:32:00
The Fed left rates unchanged, but Powell left door open for cuts this year. SEP shows lower GDP forecast for 2025, but higher inflation and unemployment projections. Market had muted reaction, yields increased slightly after Powell’s press conference. Huge options expiration day today, $5.9 trillion in notional options exposure set to expire. Leaner operations trend among US public companies continues, with AI expected to accelerate downsizing. Amazon announces plan to reduce workforce with AI agents. Market likely to see increased volatility, downside pressure into close.
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