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MSNBC Jose Diaz-Balart Reports June 4, 2024 15:31:00

decision on interest rates this afternoon. the markets anticipating a quarter point rate increase as part of the fed s effort to continue to bring down inflation. joining us now with more is cnbc s seema mody. good morning. what can we expect from the reserve today and how can markets be reacting to this? well, jose, i can tell you it is widely seen as one of most consequential fed meetings. quarter percent hike is the expectation. it is not unanimous. the bigger focus will be what tone fed chair jerome powell strikes aç■ it relates to the future of interest rate hikes. how does powell handle questions around the banking sector, which remains under pressure? is he seeing any signs of systemic distress or a credit crunch? he ll have to acknowledge tp8 inflationarylp backdrop which still shows prices moving higher. americans are feeling it at the grocery store or when they travel or eat out at a restaurant, it is going to be questions around how he handles the banking sector and +-

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