Financial markets are increasingly pricing in expectation of a June interest-rate hike by the Federal Reserve, and if the central bank doesn’t want to go through with one, time is running out to push back.“Fed leadership has directed us to... Financial markets are increasingly pricing in expectation of a June interest-rate hike by the Federal Reserve, and if the central bank doesn’t want to go through with one, time is running out to push back.
Duy pointed out that Chair Jerome Powell, Gov. Philip Jefferson — the nominee to be vice chair — and New York Fed President John Williams each have leaned into a dovish policy direction in their most recent public comments. “If Fed leadership wants to skip the June meeting, it needs to gain control over that narrative before the employment report,” Duy said.
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