
Macro - Weekly Briefings - US
Description
Macro - Weekly Briefings - US
Fed officials were likely pleased to see a slight downshift in the pace of employment and earnings growth in May, but there was nothing in the report to deter the Fed from aggressively continuing to raise rates. Some FOMC officials all but confirmed this week that the Fed will raise rates by 50bps at both the June and July meetings.
Fed officials were likely pleased to see a slight downshift in the pace of employment and earnings growth in May, but there was nothing in the report to deter the Fed from aggressively continuing to raise rates. Some FOMC officials all but confirmed this week that the Fed will raise rates by 50bps at both the June and July meetings.
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