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Did The Fed Just Back Down? | Joseph Wang & Michael Ippolito

Forward Guidance

00:00

Introduction

Joseph Wang of FedGuy.com: "This was as hawkish as it could be for a pause" Mike Ippolito, block works co-founder: "It's not a stoppage of rate hikes. It is only a pause or a skip" John Sutter says the FOMC raised their expectation for the Fed funds rate at the end of December by 50 basis points compared to March. The market had been unsure whether we would have a rate hike today in June.

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