Fed’s Aggressive Path Could Mean More Market Turmoil
With a 75-basis-point (bps) rate hike, the biggest single move in nearly three decades, the U.S.
With a 75-basis-point (bps) rate hike, the biggest single move in nearly three decades, the U.S.
On the heels of a 40-year high inflation print and decade high University of Michigan inflation expectations, the Fed voted to raise rates by 75bps at its June meeting.
Last Friday, the May CPI report showed that inflation, as measured by the Consumer Price Index (CPI), increased 8.6% y/y.
The latest consumer price index (CPI) report released Wednesday, May 11, has confirmed that the U.S. Federal Reserve has a long way yet to go in its fight against inflation.
In an environment dominated by fears of recession or run away inflation, the May Jobs report offers investors some comfort that the economy can find a soft-landing path to avoid both.