Bloomberg – Fed Traders Pare Bets on Bigger June Hike After Powell Pushback

May 4, 2022
Original article by Michael Mackenzie

Jake Remley, Senior Portfolio Manager at Income Research + Management, shared his thoughts on the May FOMC meeting with Bloomberg, following markets’ dovish reactions to the most recent 50 basis point rate hike. He believes that Chairman Powell’s pushback in Wednesday’s meeting serves as a small sign of certainty for the bond market, as it implies that there is less risk of an emergency hike.

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