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MNI PODCAST: FedSpeak - The Death of Forward Guidance

EXECUTIVE SUMMARY
  • MNI Fed reporter Jean Yung discusses her takeaways from the Fed's latest 75 basis point rate hike and her impressions from attending Fed Chair Powell's press conference.
  • Yung notes the chair's noncommittal stance on the size of future moves: Powell said another 75 bps in September was possible, and even entertained bigger moves, while also hinting the Fed will slow the pace of tightening if inflation comes down.
  • In response to Yung's question, Powell said QT is working as planned -- despite market concerns about strains in Treasury market liquidity.
MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com
MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com

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