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Welcome to the Eric Erickson Show podcast, Our Three.

Welcome, it's Eric Erickson here across the United States.

We have news out of the gate with you, and that is that the Fed has chosen not to change rates. There you have it. The Fed has, I mean, none of us should be surprised at all, but there we have it. They're not going to change rates. And I got to tell you that it's not just that the Fed's not going to change rates. This is going to provoke the ire of the president on this. And I'm just not surprised. And the president's response, I'm not going to be surprised by.

Let me read you this.

This has just hit the wires in the last four minutes from the Federal Reserve, quote,

or I'm sorry, from CNBC about the Federal Reserve.

The Federal Reserve on Wednesday voted to take a break from recent run of interest rate cuts

as the central bank navigates

questions about its independence and awaits a new leader. Meeting market expectations,

the Federal Open Markets Committee voted to keep the interest rate in the range of 3.5 to

375. The decision put a halt to three consecutive quarter percentage point reductions

billed as maintenance moves to guard against

potential downturns. In voting to hold the line, the committee also upped its assessment of

economic growth. It also eased its concerns about the labor market as compared to inflation.

...