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Fed's Microphone: Fed Significantly Hawkish, Policy Statement Overhauled

BlockBeats News, June 18th, "Fed's Whisperer" Nick Timiraos commented on the Fed's interest rate decision: The dot plot released by the Fed this time shows a clear hawkish inclination. Out of the 18 officials, 9 are expecting at least one rate hike this year, with 6 even anticipating multiple hikes. In contrast, only 1 official is projecting a rate cut this year; furthermore, 1 participant (presumably Fed Chair Powell) did not submit their Summary of Economic Projections (SEP).

At the same time, the Fed's policy statement underwent a comprehensive revision from start to finish, significantly reducing the length of the text. Overall, the communication framework of this meeting has undergone a significant change, which may lead to a readjustment of market expectations for the interest rate path. (Kinetic Mind)

Source: BlockBeats

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