The Fed chooses not to cut rates despite stock market volatility, breaking past trend.
From Google: 2024-08-08 12:55:00
The Fed has chosen not to cut rates despite recent stock market volatility, as inflation data remains strong. This decision breaks with past trends of rate cuts during stock market drops and could signify confidence in the economy’s ability to weather the storm. Investors are advised to remain vigilant.
Read more at Google: The Fed has cut rates amid stock swoons before. Not this time – Reuters.com