Fed forecasts rate hikes / Dollar Report: June 2023

The FOMC and Jerome Powell announced today that though they have put a pause on interest rate increases, a majority of the committee forecast at least two more hikes in the federal funds rate in 2023, rattling markets. Importantly, the FOMC is no longer forecasting a mild recession later in 2023. Also, we look at the latest CPI (consumer price index) numbers from the Bureau of Labor Statistics and the May 2023 minutes from the FOMC at the Federal Reserve.

_______________________________________
If enjoy this channel and would like to support:
https://patreon.com/professorbarth

Follow me on Twitter:
https://twitter.com/Professor_Barth

Buy my book! The Currency of Empire: Money and Power in English America, released June 2021 with Cornell University Press. Order your copy now.
https://www.amazon.com/Currency-Empire-Seventeenth-Century-English-America/dp/1501755773/ref=tmm_pap_swatch_0?_encoding=UTF8&qid=1611158577&sr=8-1
_______________________________________
Dr. Jonathan Barth received his PhD in history from George Mason University in 2014. He specializes in the history of money and banking in the early modern period, with corollary interests in early modern politics, empire, culture, and ideas. Barth is Associate Professor of History at Arizona State University and Katzin Family Associate Director of the Center for American Institutions at Arizona State University.
_______________________________________
Visit my website https://www.professorbarth.com/
_______________________________________
Disclaimer: The views and opinions expressed on this channel are my own and do not reflect the views of Arizona State University, nor are any of the views endorsed by Arizona State University.