Three Themes for the Post June FOMC
This is the first Fed meeting since the now famous June FOMC and the dots pivot. Going into the rest of the summer, July FOMC and Jackson Hole, there seem to be three key themes to watch.
The market thinks June was hawkish shift. The question now is, until the next dots and the September FOMC, can the Fed be more incrementally hawkish than they were in J…