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

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

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

EXECUTIVE SUMMARY:

  • 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.

FOR FULL PDF ANALYSIS PLEASE USE THE FOLLOWING LINK:

FedReviewJun2022.pdf


Up = Risks To Upside; Down = Risks To DownsideSource: FOMC, MNI

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