(Premium) FICC in Focus: Interest Rates and Commodities Warn of Recession

Jerome Powell and his friends raised rates for a tenth consecutive meeting yesterday. That wasn’t a surprise. Neither was it surprising when Powell laid the groundwork for a pause in hikes, removing language from the prior meeting’s press release that indicated additional policy firming would be necessary, and replacing it with more flexible language that highlights the Fed’s data dependence going forward.

This post can only be accessed by Premium members. Login or Request a 30-Day Risk-Free Trial
Login Get 30 Days Free