The Federal Reserve has begun its two-day FOMC meeting, with the central bank's latest interest rate decision and a press conference with Fed Chair Jerome Powell to follow Wednesday afternoon. Huntington Commercial Bank director of economics Ian Wyatt joins Market Domination to share his perspective on the future path of monetary policy.
Wyatt identifies persistent inflationary pressures in the economy, particularly in services, discretionary spending, and durable goods sectors. "A lot of those are things that consumers have to spend on every day," he explains while acknowledging some positive developments in inflation, including moderating car prices and rent.
Regarding the Federal Reserve's monetary policy trajectory, Wyatt predicts a period of stability: "I think the Fed's gonna pause for a while and wait for the data to come in."
Watch the full video for a further breakdown of which areas of the economy are seeing inflation hit it the hardest, especially as President Trump's proposed tariffs loom.
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This post was written by Angel Smith