The Weekly Fix: The Fed Has Forced Its Own Hand Once Again

Welcome to the Weekly Fix, the newsletter where spreads are tight and coupons are high. I’m cross-asset reporter Katie Greifeld.

A little over a month ago, this newsletter asked why the Federal Reserve shouldn’t just forgo the well-telegraphed ‘skip’ and just hike in June. Now it’s time to ask the inverse question: with headline inflation back to 3% and signs that the so-called supercore segment is cooling, why not hold rates steady at July’s meeting?