MacroMavens President Stephanie Pomboy discusses the Federal Reserve’s June meeting minutes, highlighting split views on inflation and the unlikelihood of a rate hike this year.
MacroMavens President Stephanie Pomboy provides insight into the Federal Reserve’s June meeting minutes on FOX Business, stating that an interest rate hike this year is highly unlikely. She explains the Fed’s balance sheet expansion, dubbing it ‘QE,’ despite current inflation concerns and rising Treasury yields. Pomboy forecasts policy will remain on hold.
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