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Fed Review: Powell’s Hawkish Bluff

Fed Review: Powell’s Hawkish Bluff
The Fed held rates unchanged at 5.00-5.25% as widely anticipated. However, the updated ‘dots’ surprised hawkishly, signalling two more 25bp rate hikes. Between the lines, Powell did hint that the Fed is seeing underlying inflation cooling. While the strong macro data calls for hawkish communication, we doubt the rate hikes will end up materializing, and […] The post Fed Review: Powell’s Hawkish Bluff appeared first on Action Forex... Read More
Posted: Jun 15 2023, 05:03
Author Name: actionforex
Views: 081288

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