Hikes Heard ‘Round the World, Unsurprisingly Horrible, and Shrinking Shrink 6/22/23
The Exchange
00:00
The Fed Takes a Hawkish Pause, but Other Central Banks Are Still Hiking
The Bank of England surprising this morning with a 50 basis point hike. Overnight, the Swiss national bank hiked by a quarter point. These follow recent hikes across the globe from Norway to Australia. Could the US follow suit in a few weeks at that July meeting? Let's ask none other than Diane Swann, Chief Economist at KPMG and Steve Leisman, senior economics reporter.
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