Robust employment, high inflation, increased fiscal stimulus, and an unprecedentedly loose financial environment—data has long supported rate hikes, but the FOMC has not mentioned raising rates, and the market is only betting on rate cuts, with political pressure overriding economic reality!
Powell explicitly states: No one is considering a rate hike. Interest rate futures are still pricing in two to three rate cuts within the year. The stance is extremely dovish and disconnected from reality.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Robust employment, high inflation, increased fiscal stimulus, and an unprecedentedly loose financial environment—data has long supported rate hikes, but the FOMC has not mentioned raising rates, and the market is only betting on rate cuts, with political pressure overriding economic reality!
Powell explicitly states: No one is considering a rate hike. Interest rate futures are still pricing in two to three rate cuts within the year. The stance is extremely dovish and disconnected from reality.