However, the market reacted negatively to the Fed's announcement that it will not be appropriate to cut interest rates until there is greater confidence that inflation is approaching its 2% goal.
Federal Reserve Chairman Jerome Powell defended the decision by quote “Continued declines in inflation are really the main thing we are looking at. Of course, we want the labor market to remain strong, too. We don’t have a growth mandate. We have a maximum employment mandate and a price stability mandate.” unquote.
Our portfolio hit the ATH on Monday to end the month down last night.
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