US indices are weakening so far today 🩸
In his statement, Jerome Powell said that the Fed still needs to do more to curb inflation. "The process of bringing inflation back down to 2% still has a long way to go," Powell said. As a result, the Fed is now expected to raise rates by a quarter percentage point at its next meeting in July, after putting rate hikes on hold at its last meeting last week.
It's not so much a surprise that rates may go up for the rest of the year. However, investors are now uncertain whether it will only be by 50bps.
What do you think? Will it end up being "only" 50bps by the end of the year?