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QVMS - Fed 50 BOE 25 And The BOJ To Stand Pat: Week Ahead
Invesco S&P SmallCap 600 QVM Multi-factor ETF
The market recognizes a strong consensus has emerged at the FOMC for 50 bp hikes in June, but the unexpectedly strong CPI report before the weekend saw the market price in about a 50% chance of a 75 bp hike in July.
In May, the FOMC statement acknowledged the contraction in Q1 GDP but noted that household spending and business investment (final sales to domestic purchasers) remained strong.
The Fed has begun an aggressive tightening course, but it sees the economy as strong and plays down recession worries.