The odds of a 25 basis point rate hike in September more than doubled, to 21.5%, following Powell's speech.
The possibility of an additional rate hike this year has just reached a two-month high of 52.1%.
It is currently NOT expected to start cutting rates until June 2024.
The Fed wants 2% inflation and will do whatever it takes to get there.
The possibility of an additional rate hike this year has just reached a two-month high of 52.1%.
It is currently NOT expected to start cutting rates until June 2024.
The Fed wants 2% inflation and will do whatever it takes to get there.
