Mohacsy's Safe Portfolio Member Forum

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From JP's statement Wednesday afternoon one could surmise that the July meeting will result in a 25bp hike. CME Fed Watch estimates a 75% chance of a July hike in rates. Below is from this morning's Barron's:

The pause was an odd decision— and one that left many observers scratching their heads. The Wall Street Journal’s Nick Timiraos spoke for many when he told Fed Chairman Jerome Powell at the news conference after the decision, “I don’t lose weight just by buying a gym membership; I have to actually go to the gym.” Powell didn’t really have an answer, beyond stating that “the committee thought overall that it was appropriate to moderate the pace, if only slightly.”