Market Lab Report - Key takeaways from the May FOMC meeting

Published:

3 May 2023 15:47 ET

Key takeaways from the May FOMC meeting:

- Fed hike by 25bps, no change to current QT program
- Powell said that the US banking system is 'sound and resilient'
- The Fed will take a data dependent approach from here (when asked about a pause in June)
- Inflation continues to run too high but current policy 'could be already at a sufficiently restrictive level' to bring inflation down.
- Powell admitted that it's possible that there is a mild recession
- Market continues to price a Fed pause in June

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