Gregory Daco: Fed hawkish tone does not signal hike this year

Gregory Daco: Fed hawkish tone does not signal hike this year
Fed hawkish tone seen as no hike

Gregory Daco comments that more hawkish communication from the U.S. Federal Reserve does not necessarily indicate an interest rate hike this year, and he does not believe such a move is warranted.

He shares his views on the underlying fundamentals of the economy during a conversation on CNBC, highlighting the current state of policy guidance.

Earlier this month, Gregory Daco reported that U.S. headline CPI inflation reached 4.2% in May, the highest level since April 2023, while core inflation held at 2.9%. In a separate note, he observed that Federal Reserve forward guidance on rates could be reversed as soon as June. Both developments have shaped recent discussions on policy direction.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
Weekly Top Bonuses
up to $2,500
deposit bonus for all clients
CLAIM BONUS
Your capital is at risk.