Founders: Fed Prepares to Skip June Rate Rise but Hike Later?

June 1

As of yesterday: The thing everybody will likely start talking about is the Fed now indicating they will NOT raise rates in June and then start raising again if necessary.

The WSJ reports:

Federal Reserve officials signaled they are increasingly likely to hold interest rates steady at their June meeting before preparing to raise them again later this summer.

Most will see it as a mistake, another policy error. And that may be true. We’re giving you a heads up on this as the next debate from now until mid July.

We will also put out our own early “dry” take on it the PM GoldFix Post to give you a framework in which to digest the coming deluge.