The next FOMC meeting in 2023, which is scheduled for Tuesday and Wednesday June 13 to June 14, might surprise you. While the CME futures are indicating a 70% chance of a Fed pause, the decision is closer than you think. After Australia and Canada both did surprise rate hikes last week, many think the Federal Reserve might do a surprise rate hike as well. And even if the FOMC decision is for a pause in June, they might raise again in July as inflation remains stubbornly sticky.
