In the week ahead, investors will be watching the PMI reports to see if there have been any improvements that could validate the 2 dissenting votes that favored a rate
hike at the last meeting.
Not exact matches
New York Fed President William Dudley said
last week a rate
hike would be possible
at the Fed's next policy
meeting in September.
Prior to the report, futures markets pegged the likelihood of a Fed rate
hike at their September
meeting at 12 %;
last I checked, that's up to 18 %.
Many economists believe the Fed, which
last raised rates in December, will
hike again
at its next
meeting in March and some analysts think the Fed could
hike more than three times this year, depending on what inflation does.
Having just raised interest rates
at their
last meeting, the Fed has no plans to follow up in May but Fed fund futures show a 93 % chance of a quarter point rate
hike the following month when economic projections are updated and Jerome Powell holds a press conference.
The Fed did, as expected,
hike rates
at their
last meeting.
Last Sunday I (resume writer / career coach) had the good fortune to
meet up with a recruiter named Pamela on my group
hike — we so enjoyed our conversation on the trail and we continued it
at a local tavern for lunch following the
hike.