00:00That dot plot is a little on the hawkish side and I actually think the data is not going to
00:05support
00:06a rate hike this year because the key thing is in May we had 4.2% in CPI inflation.
00:11I think that's
00:12the peak. Inflation, it'll be coming down. It'll be coming down slowly and maybe more slowly than
00:16people would like but it'll be coming down anyway and in that environment do you really want to
00:21poke the bear by raising rates now and be being responsible for maybe triggering an overreaction
00:26in the economy. So my guess is the Fed may talk about the possibility rate hike. In the end I
00:31don't
00:31think they're going to deliver one.
Commenti