Markets in 3-Minutes: Is Hawkish Fed "Skip" on Cards for June?

The transcript discusses the initial reactions in FX markets, particularly the dollar-yen movements, following certain economic events. It highlights expectations of a debt ceiling deal and market complacency regarding a potential U.S. default. The discussion also covers risk reduction in equity markets and concerns about possible downgrades, referencing past events. Finally, it explores the Federal Reserve's potential actions, including a pause in June and possible rate hikes in July, with an eye on future economic cycles.

How did the past downgrade in 2011 influence current market expectations?

What is the expected action of the Fed in response to the current economic situation?