Matt Raskin
Managing Director and US Head of Rates Research at Deutsche Bank, host of the Macro MATTers and Rate Check podcasts, formerly a senior economist at the Federal Reserve Bank of New York.
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APPEARANCES
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PODCASTS
Jun 22, 2026
Henry AllenHOST
So I guess the first question to set things up is, why did the market take it so hawkishly?
Matt RaskinGUEST
And I think there are really two aspects to the market's interpretation of the communications around it is so hawkish.
Matt RaskinGUEST
That is the The projections for the path of the Fed funds rate that were submitted by FOMC participants came out significantly more hawkish than I think most expected.
Matt RaskinGUEST
I think going in, there was an expectation that the median dot for this year would show no change to the policy rate.
8 MINS LATER