The rate-setting FOMC still could telegraph that policy is likely to stay tight well into the future.
Federal Reserve officials could talk tough enough at their June meeting that it would amount to a de facto interest rate hike. Markets are assigning a low probability that policymakers will approve what would be the 11th consecutive rate increase since March 2022.
Chair Jerome Powell will be speaking Friday at the Fed-sponsored "Perspectives on Monetary Policy" forum in Washington, D.C. How a 'substitute' hike could happen Totaling up the multiple Fed speeches in recent days, Guha concluded that "we see little clear evidence of an effort to gear up to hike again in June." "All Fed officials are being careful not to exclude a June hike with more data to come and we would not completely exclude this either," he added.
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