Bond Yields Climb on Hawkish Fed Talk and Debt Ceiling Hope
05/17/2023
The June FOMC meeting is now four weeks away, and a parade of Fed officials are pushing back on any possibility of near-term rate cuts. Although a pause is the mostly likely outcome on June 14th, rate hikes remain on the table.
Atlanta Fed President Raphael Bostic told CNBC on Monday that although he’s leaning toward a pause at the June meeting, he’s still more inclined to raise than lower rates given persistently high inflation. Bostic went on to say his baseline case doesn’t include rate cuts until well into 2024.