In this Macro Matters edition, host and BI Chief U.S. Interest Rate Strategist Ira Jersey is joined by Anna Wong, Bloomberg Economics Chief U.S. Economist, and Interest Rate Associate Strategist Angelo Manolatos.

Wong and Jersey discuss their views on what's next for the Federal Reserve after it raised interest rates by 25 bps. Wong notes she was surprised by the hawkishness of the Fed's dot plot, while Jersey was surprised by Chairman Jerome Powell's mention that details of asset runoff would appear in the minutes of the meeting. In the Fun Fed Fact segment, Manolatos reviews the developments of the dot plot and suggests that two members likely moved down their long term neutral federal funds rate expectation.