Global Markets Hold Breath as Fed Does Nothing—Which Is Actually Everything
Jerome Powell took the podium this week like a man asked to defuse a bomb while everyone else in the room argues over the color of the wires. The Federal Reserve—America’s monetary Death Star—kept rates unchanged at 5.25–5.50%, thereby disappointing bulls, bears, prophets, doom-scrollers, and at least three hedge-fund managers who had already priced in…
