As the Federal Reserve prepares for its June Federal Open Market Committee (FOMC) meeting, speculation is rife about its next move.
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Our view that the Fed would not cut rates this year has gone mainstream.
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During an interview with CNBC Europe on Tuesday, Minneapolis Federal Reserve Bank PresidentΒ Neel Kashkari stated that right now, inflation is going sideways, we need βmany more months of positive inflation dataβ to get one to two rate cuts and government
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Thereβs a palpable tension in the air as Wall Street is confronted with the once unthinkable: interest rates may not be at their peak.
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The April-May minutes have a much more hawkish tone than the summary of the previous meeting.
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One month's worth of data does not make a trendβunless it fits the consensus narrative that the Fed is going to cut interest rates a few times this year.
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Jerome Powell still stubbornly resists the idea that the Fed's next move may be a hike rather than a cut.
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President Joe Biden's policy of mass migration is forcing up housing inflation, so pushing up interest and mortgage rates, according to a report in the Wall Street Journal.
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