Why The Fed Is Likely Going To Hike More:
The Federal Reserve raised short-term interest rates by a quarter percentage point, in line with market expectations. However, the Fed's official statement suggests that this rate hike may be the last of the cycle, as they removed language indicating the need for further policy firming and future increases in the target range. The futures market is pricing in no more rate hikes this cycle and expects rate cuts to begin in September. However, some
Keep reading with a 7-day free trial
Subscribe to FVCK THE FED to keep reading this post and get 7 days of free access to the full post archives.