John Grace, Founder, and President of, “Investors Advantage Corp”, discusses with Kurt Schemers and Don McKelvey on Traders Nation® that the Fed will be holding rates steady for now, but certainly they left the door open for cuts in the future. Asked, will this set up a confrontation with President Trump who has been pressuring the FED to cut rates? Tune in and get the details.
Interestingly enough, the FED is more protective on their posture as we look on for clues to which way their decisions sway. For example, it was noticed the word “patient” was dropped in describing their approach to policy. Word-smithing has never played an enhanced role as it does today when looking-on the FED.