CNN CNN Newsroom June 4, 2024 20:01:00
They did four straight rate hikes up 75 basis points. they might slow it to 50 basis points. that's still a big increase, and it means they're trying to slow this economy down, but, you know, this is not a done deal yet though. the market is pricing in about a 1 in 4 chance that they surprise things and end up going with another 75 basis point move. borrowing costs are going up for all of to us and even more pressure on the economy. >> matt, thank you. >> thanks, guys. it is the top of the hour on "cnn newsroom." hello, everyone. i'm bianna golodryga. >> i'm victor blackwell. right now, more...
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