Reply To: Federal Reserve Kept Rates at 22-Year High 5.25-5.50% Range as Expected

Helmholtz Watson

Powell Q&A:

Inter-meeting data was broadly in line with our expectations
CPI was a bit better than expectations
We haven’t made any decisions about future meetings
We’re looking for moderate growth, we’re looking for a better balance in supply and demand, particularly in labor market
We get 2 more jobs and CPI reports before the Sept meeting
It is certainly possible that we would hike in Sept, also possible we would hold
June CPI is just one reading