Raise your hand if you thought things were actually going to change during the July Federal Open Market Committee meeting? Just so you know, Fortune Research Head Trader Matt Warder kept his hand down.
He hopes you did there, too...
On Wednesday, the Fed released its statement regarding inflation and monetary policy. As noted above, it looks like nothing is changing — which isn't surprising, considering the Fed didn't give a second thought to the 5.4% increase in inflation last month.
So the Fed will continue to increase its Treasury holdings, keep rates low and once again use our favorite word…
"Transitory."
Looking back at his report from Monday, what comes next, now that our expectation of the July Fed inflation meeting has come true?
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