Harvard Professor: US Fed 'Pause' In June Meet; Here's A Catch
Also Read: Single Whale Moves 20 Trillion Shiba Inu (SHIB) and 3.4 Billion Dogecoin (DOGE) advertisement Meanwhile, the market appears to be largely optimistic about a rate hike pause in the upcoming Federal Open Market Committee ( FOMC ) meeting. According to the CME FedWatch Tool, the target rate probabilities for the June 14 FOMC meeting shows a 73% likelihood of the Fed pause at the current target rate of 500 to 525 bps. Rate Hike Pause Not Sustainable: Harvard Professor Jason Furman, Professor of Practice at Harvard, believes that the underlying strength in the US economy is too strong currently to affect a continuous rate hike pause. He explained that inflation hardly made any progress despite the aggressive rate hikes in recent months. Historically, it has not been easy to bring down the inflation, he added, speaking to CNBC. “I think the Fed’s going to pause at the next meeting. If you ask me if the Fed’s going to make a mov...