Image: Mail OnlineWall Street breathes sigh of relief as Fed keeps rates on ice despite growing rebellion demanding a hike
• The Federal Reserve maintained its key interest rate at the July policy meeting, easing Wall Street's concerns regarding a potential rate hike. • Official Warsh signaled a strategic shift away from "forward guidance" and "data dependency," advocating for a more forward-looking approach rather than relying on lagging economic data. • This move matters as it aims to reduce the central bank's role as the primary market driver, with Warsh stating that the Fed "need not always be the center of attention."
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