Jason Pride, head of investment strategy and research at Glenmede, said the
Fed’s decision framework is unchanged: the constraint on cutting rates remains
inf rather than employment. Though the labor market has not accelerated, it is
more resilient than unrevised data suggest, lowering the urgency for Fed action
on employment. Investors should expect the Fed to hold rates at the next meeting
and watch whether post-ceasefire energy relief measures begin to pull down
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