The Weekly Fix: The Fed Should Just Go Ahead and Hike in June
The Federal Reserve seal ahead of a news conference following a Federal Open Market Committee meeting in Washington, DC on March 22, 2023.
Photographer: Al Drago/BloombergWelcome to the Weekly Fix, the newsletter that’s more than just a way station. I’m cross-asset reporter Katie Greifeld.
With less than two weeks until the Federal Reserve’s June rate decision, bond traders have almost completely bought into the “skip” sequencing: swaps show that a pause is more likely than not in June, followed by a four-in-five chance that rates rise by July.