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MNI Fed Review - June 2022: Has The Fed Lost Control?


We've just published our June FOMC meeting review, emailed to subscribers and available on our website:

  • Chair Powell acknowledged that the path to a “soft landing” has become more difficult, and potentially out of the Fed’s control.
  • This makes for a more unpredictable rate outlook if economic growth deteriorates and inflation doesn’t abate.
  • While ongoing hikes are still the base case going into 2023, the meeting materials suggest that cuts are already on the FOMC’s radar.

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