Want to create an interactive transcript for this episode?
Podcast: Squawk Pod
Episode: Skip! Fed Speakâs Latest Buzzword 6/01/23
Description: The Federal Reserveâs buzzword of the week: âskip.â Fed officials have signaled a plan to hold steady on interest rates in June, but urging the public that the decision would not signify an end to the tightening cycle. SMBC Nikko Securities America Chief Economist Joe Lavorgna offers his own extrapolation of the news, as well as what it may mean for Wall Street. In Washington, the President Biden-Speaker McCarthy debt ceiling deal is headed for the Senate. Plus, CNBCâs Steve Kovach has the details from the newest product launches at Meta and Apple, Elon Musk is the worldâs rich...