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Traders don t believe what the Fed is saying

The dollar goes on an all-out assault

Transcripts for FOXNEWS Your World With Neil Cavuto 20240604 20:09:00

to factor in. whether that will be companies cutting jobs as you heard from elon musk and from the cryptocurrency companies or you ll have slow down eventually in that economy and in that gdp number, which is kind of the point of why the fed is raising interest rates. as i mentioned, larry summers said again this week, he s never seen a quarter which hasn t been followed up by a recession where you had unemployment rates below 5% and inflation above 4%. neil: gary, reading the markets and all, three whip sawed by anything that eases inflationary pressures. the fed will have to do the hiking. they re going to sell that. it s illustrated beautifully today. what do you think we re in for next week and the weeks to come? there s a reason why they sent out a few fed heads in the last few days to make statements like maybe we don t have to

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