Fed Can’t Beat Inflation Without Market Pain, Says Dawson

Federal Reserve officials left interest rates unchanged and reiterated their commitment to containing inflation without offering a clear signal they might raise rates at their next meeting in December.

NewEdge Wealth CIO Cameron Dawson says the Fed faces a contradiction as it tries to tighten financial conditions without causing significant market pain.

She explains why bringing inflation back to 2% may require greater volatility in stocks and credit, and why resilient growth and elevated nomina