“It's clear that the Fed, while it sees many favorable things in the economic environment, believes that the economy needs to slow down. The clear message is there will be additional tightening.”
“There's quite a long time before the next meeting. If they cut (a quarter-percentage point), they could make statements, as they've done in the past, that they will 'monitor developments closely,' which is a hint that they could cut again before the next meeting.”
