[Institution: The Federal Reserve remains inactive this week, and there is no doubt that Walsh's debut as a hawkish risk cannot be ignored] According to BlockBeats, on June 16th, Kaitou Macro believed that the Federal Reserve's decision to remain inactive this week was almost certain. Stephen Brown, the chief economist for North America at the institution, speculates that Walsh will not present his interest rate forecast, but will still be asked for his opinion at press conferences. Brown said, "The risk in the market is that Walsh's remarks may be more hawkish than expected - either due to communication errors or simply because his current stance is not as dovish as when he was fighting for Trump's presidential nomination." However, Brown also warned that if Walsh feels constrained by Trump, the overly dovish tone will reignite concerns about the independence of the Federal Reserve and may push up long-term bond yields. Brown stated that there is a high possibility of two "insurance rate hikes" currently taking place in December and early next year. [Original link]