Fed to maintain wait-and-see approach on interest rates: Nuveen strategist

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Laura Cooper, a global investment strategist at Nuveen, suggested in a Bloomberg interview that the Federal Reserve will likely maintain its current « wait-and-see » approach regarding interest rates. This aligns with recent Federal Reserve actions, where the policy rate has been held steady in the range of 3.50% to 3.75%. Rising real yields have been a notable development, indicating tighter financial conditions without a policy rate change. The Fed’s stance appears to reflect an ongoing assessment of economic indicators before deciding on any further action.

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