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A Market View From Happy Hour - Optimistic Expectations

Benzinga ·  Jun 6, 2023 18:37

A big misconception about the FED's rate raising path is that just because we've achieved their terminal rate of 5.1% does not mean that they won't continue to raise rates later in order to beat inflation. The current expectation of the FED during the FOMC meeting next week is that rates will stay the same and that the FED is going to "pause" rate changes. The May Jobs report helped lift the prospect of a rate pause but that data combined with the CPI report next week could mean otherwise.

Late last month, the PCE report indicated continued...

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