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@sdsh
The Fed kept rates steady in June, matching expectations. Their dot plot shows a 3.9% target rate this year, same as March. They raised inflation and jobless forecasts but cut growth outlook. Powell sounded slightly hawkish, with a dull tone overall. The key takeaway? Conflicting signals in statements and SEP data. With tariff uncertainty, the Fed leans toward fighting inflation. CITIC still expects 1-2 rate cuts this year, possibly in September.
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