Weak Statement From The Fed As We Are In A Deflation

"The FOMC meeting today was neutral and the Federal Reserve mentioned that there has been at least somewhat of an improvement in inflation. This is a weak statement as we are in a deflation. There will not be a significant recession because of pandemic tailwinds, most importantly a shortage of housing and automobiles. With the stock market today, there will be fears of a slowdown after earnings season," says Jay Hatfield.