The Word on the Street Is…

Fed Chair Jerome Powell said in Congressional testimony that the global growth outlook "remains solid" and the US economy is in a "really good place" and the "best way forward is to keep gradually raising the federal funds rate."

The markets continue to expect the Fed to increase rates twice more this year unless we experience any crazy economic data or unexpected world events.  Most generally agree that the timing of those rate increases will be at the September and December Fed meetings.

Loss for Words?

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