The Fed announced no change in interest rates during their June meeting. This breaks the streak of 10 straight meetings in which the central bank raised interest rates in order to slow down inflation. However, the FOMC strongly signaled more rate hikes are possible this year. Nationwide's Chief Economist Kathy Bostjancic and Chief of Investment Research Mark Hackett provide their reaction and analysis.
For additional perspective, join Kathy and Mark - along with John Carter, President of Nationwide Financial - for a LinkedIn Live conversation on the economy and financial markets. https://www.linkedin.com/video/event/urn:li:ugcPost:7071825670363885568/