Fomc Meeting June 2024 Market Reaction. After powell left open the possibility of a 50bp rate hike in july rather than reaffirming another 75bp rate hike, the bond market rallied and the yield curve steepened. The fomc’s members emphasize over and over again that they will make monetary decisions meeting by meeting in reaction to incoming data.
Currently, the meeting with more than a 50% chance of a cut is. So, when does the market (not economists, the market) think the next fomc move will be?
Fomc Meeting June 2024 Market Reaction Images References :