Read My Lips

The Credit Strategist Blog

Jun 28, 2023

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Jay Powell reiterated for the umpteenth time this morning that (1) he views the inflation fight as unfinished and (2) there are no interest rate cuts on the horizon. Those two messages have been consistent all year. He also signaled (as did the FOMC last week) two more interest rate hikes later this year including likely a 25-basis point move next mon…

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