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Fed Prepares to Skip June Rate Rise but Hike Later

Sven
in Other Investing
FED will assessing more data on the economy (and that is appropriate given the slowing economy). WSJ is behind a paywall.
https://wsj.com/articles/fed-official-says-rate-pause-doesnt-signal-end-to-hikes-758041e5

Also CME Fedwatch has lowered rate hike probability from 66% to 25%. The next FOMC meeting is on June 13-14.
https://cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html

Comments

  • yogibearbullyogibearbull
    Nick Timiraos of WSJ apparently has inside track within the Fed.
  • Sven
    edited June 2023
    Economic indicators are mixed right now. “Skip” is NOT the same as a pause then cutting rates as they made that distinction. Real interesting on trying to read the tea leaves and the possibility of US defaulting.
  • Old_JoeOld_Joe
    Maybe the Fed all looked at each other and said something like "let's not do anything right now that could remotely blame us for affecting the debt ceiling vote".
  • yogibearbullyogibearbull
    "So, what happens now to the Fed skip/pause?" - I asked Nick T.
    https://twitter.com/YBB_Finance/status/1664615056082968576
  • FundyDundy
    I believe the Fed would not raise overnight fed funds rates. It will only exacerbate the bank deposit outflows and cause further strain on the banking system.
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