Traders are betting the Federal Reserve’s 0.5% rate increase today is far from its last this year.
Fed funds futures are pricing in hikes of varying sizes for the next five meetings, and Fed officials themselves have endorsed that view — and suggested again today in their statement — that increases will continue.
But what if the U.S. economy isn’t strong enough to withstand those rate increases and the Fed is forced to stop?
“The Fed was too slow to act when the economy was growing,…
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