Today marks the FOMC’s sixth interest rate decision since the October’23 market low. Unlike traditional economic data reports that get released monthly, the FOMC meets every six weeks - unless extreme circumstances prompt unplanned emergency actions, which we last saw in March 2020 during the COVID-induced market crash. A lot can happen over a six-week period, but this allows the Fed to view all of the economic reports in aggregate, rather than letting one data point dictate (or change) their stance.
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