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CIBC on the Federal Open Market Committee (FOMC): "This is a hawkish pause"
CIBC on the Fed decision Wednesday, this in brief:This is a hawkish pause, as the committee says it will be looking for signals on the need for additional firming, rather than a balanced statement that would have referenced potential moves in either direction. Similarly, the statement highlighted that policymakers are “highly attentive” to inflation risks, with no similar statement on recession risks. When asked about recession risks, Powell said that it was his view that the economy would still...
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Posted: May 3 2023, 21:31
Author Name: forexlive
Views: 111783