Ex- Federal Reserve Vice Chair Richard Clarida comments overnight, speaking on Bloomberg television.
Said that with economic data coming in stronger as the Fed prepares to meet next week
- “We could get an additional hike or two in this cycle,”
- “It’s a closer call than I would have thought several months ago.”
Further out:
- “I think the bar for rate cuts the rest of this calendar year is very high,”
- “I do think if there are cuts, it’s really a 2024 story.”
Bye now!