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Transcripts for CNN CNN Newsroom 20240604 18:04:00

Raise interest rates, probably one more time. one more quarter point move. they also made some changes to the unemployment rate . they actually upgraded their view on the unemployment rate. they now see unemployment rate going up, but not going up quite as high as before. they also upgraded their view on inflation, though they do think that it s going to take some time before inflation gets back to normal. all right. maddy. didn t madigan stay with us? we re going to bring in cnn economics and political commentator catherine rampell of the washington post. catherine great to see you. i just want to ask you first. we know that the fed was really trying to do a delicate balancing act here between and controlling inflation and also dealing with this baking instability that we ve seen over the last several weeks. was this the right call? this is certainly what markets were expecting. if you look at where forecasts were how contracts reprised prior to this announcement, there was a very hig ....

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