Fed Rate Hike Back on the Table as Investors Debate Next Move Amid Mixed Data
-
Investors are debating if the next Fed move could be a rate hike rather than a rate cut due to mixed economic data.
-
Market expectations for rate cuts have shifted from March and May to just June being likely.
-
Former Treasury Secretary Lawrence Summers said there's a "meaningful chance" the next move is up.
-
While no Fed policymaker has suggested hikes recently, they also haven't provided clear forward guidance.
-
Strategists see parallels to the late 1990s when the Fed cut rates briefly then hiked amid inflation worries.