Bill Dudley Sees Fed Pause in June, Likely Hike in July

The transcript discusses the central bank's decision-making process regarding interest rate hikes. It highlights that the upcoming decision is not dependent on current data, suggesting that only exceptionally strong data could influence future meetings. The speaker expresses surprise if rates are tightened in June, but suggests a rate hike in July is more likely.

How does Philip Jefferson's remarks influence expectations for the June meeting?

What is the likelihood of a rate hike in July according to the text?