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Federal Reserve:Meetings/2023 June 14: Difference between revisions
Federal Reserve:Meetings/2023 June 14 (view source)
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=== Magaly's Assessment === | === Magaly's Assessment === | ||
Even though the economic projections show 2 more rate hikes in the future, Powell language signals a lot of uncertainty if this is actually going to happen. Given the market reaction during and after Powell conference, it seems the market does not believe this will be the case. | Even though the economic projections show 2 more rate hikes in the future, Powell language signals a lot of uncertainty if this is actually going to happen. Given the market reaction during and after Powell conference, it seems the market does not completely believe this will be the case. | ||
After the Fed meeting, the market still prices only a 65% probability of a hike in July, but a pause after that for the rest of the year. No rate cuts are now expected in 2023. | After the Fed meeting, the market still prices only a 65% probability of a hike in July, but a pause after that for the rest of the year. No rate cuts are now expected in 2023. | ||