Treas Sec. Bessent is saying:
- Fed’s favorite inflation measure is down
- Market isn”;t pricing in inflation
- Hard data is still resilient
The Fed meets on Wednesday with the expectations that the Fed will keep rates unchanged.
The market is pricing in a 28% chance for a 25 basis point cut in June.
This article was written by Greg Michalowski at www.forexlive.com.
