June FOMC Recap & Thoughts

The “Hawkish” Pause   Yesterday the Fed left their target for the funds rate unchanged between 5% to 5.25%. Many labeled the pause a hawkish “skip” where further tightening is expected. The Fed DOT plot signaled that there could be two more rate hikes in 2023. QT...

FOMC March 16th, 2022

And…We Have Lift Off   As expected, the Fed raised the overnight target rate 25 bps to 0.25% – 0.50%. The market had priced seven hikes this year prior to the meeting, and the Fed delivered. For some time now, the market has been pulling the Fed in its...