Hawkish. Two more rate increases this year, still waiting for effect of previous hikes. Unanimity on no rate cut, and no cuts expected for years. Labor markets rate looking strong but expect to suffer a bit, inflation still high, T bill rates below targets, new home markets bullish with low inventory. Dreading 2024 as effects as are felt during election year—stock up on TP. Did I miss anything?
Considering all of the western countries are raising interest rates, the Fed is definitely going to raise interest rates too especially since the USA is a net importer. You don't want the greenback to be too cheap. I don't see Powell sitting this one out.