Coin Bureau, relaying another source: Fed policy rate will rise

Said on Jun 21, 2023, at 10:27 in the video.

The window it was checked over

Fed policy rateWindow checkedRecession (NBER)
−2%0%2%4%6%202020212022202320232024Said on Jun 21, 2023
−2%0%2%4%6%2020202120232024Said on Jun 21, 2023

Federal funds target range, upper limit: Federal Reserve Board via FRED, figures as first published. The shaded span is the window the call was checked over; grey bands are recessions.

Result at every window

All windows are shown, so none is picked

Somebody else's forecast — not scored

What was said around it

don't have for well whatever reason Nick asked Jerome why the FED didn't raise rates given that it plans on doing so later why not rip off the Band-Aid in other words Jerome explained that it's primarily because the FED doesn't know how the banking crisis will affect credit conditions he then said the FED will skip but that he shouldn't call it a skip fed Insider Danielle demartino Booth explained in a subsequent interview that the reason why Jerome didn't want to call it a skip is because it commits the FED to raising rates again in July lo and behold investors are currently pricing in a very high probability of another 25 basis point rate hike in July on that note Nick followed up by asking how much data the FED needs to see before it can decide whether it's going to truly pause or just skip Jerome revealed that the FED needs to see three months of economic data to make this decision which could mean that there will be another pause in July since investors are currently pricing in another rate hike a pause could result in a rally take note now the next question was from the New York Times the reporter asked Jerome why the FED thinks the economy will be resilient and whether it's possible

What a person said is shown in their own words and is never translated. The link goes to the exact second in the video.

See all