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After raising rates as expected at its May meeting, it looks like Federal Reserve policy will become more data driven and event dependent as it softens on future hikes.
The first quarter of 2023 started with a growing expectation of interest rate cuts by the US Federal Reserve not too far on the horizon. This did appear to be short-lived though but certainly increased fears of a US recession and the detrimental effect this would have on the rest of the world.
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?