Fed is done raising rates in 2023- CIO

STORY: Mahn said "I believe that the Fed made their last interest rate hike in May and the Fed funds target rate will remain in a range of 5 to 5 1/4% for the balance of this year. And all likelihood the Fed will have to come out and reassure markets that they're comfortable with inflation staying above 2% for the balance of this year and more than likely 2024 as well, although it's showing signs of moderation. However, they can no longer be as aggressive as they once wanted to be."