Powell says the Fed isn’t ‘going to an every other meeting kind of approach.’ That means it is, Fed watcher says

The market seemed to take Fed Chair Jerome Powell at his word when the central bank chief played down the significance of the dot plot forecast of two additional rate increases at his press conference. Fed funds futures are pricing in just an 8% chance of two more rate hikes by the end of the year, according to CME’s FedWatch tool.

One leading Fed watcher said the opposite conclusion should have been taken.

“We…