A “Hawkish Skip” & Appetite for IPOs 6/15/23

In its latest decision on interest rates, the Federal Reserve will skip a rate hike this month. CNBC’s Steve Liesman explains what the “hawkish skip” means for Wall Street and Main Street. Mediterranean fast casual chain Cava has listed on the New York Stock Exchange at $42 per share. One of the company’s early investors Steve Case discusses his venture bets on innovation outside Silicon Valley. As co-founder of AOL and CEO of Revolution, Case has backed Clear, Sweetgreen, DraftKings, and many other companies based in other cities across the US; he discusses today’s business challenges of San Francisco and the opportunities elsewhere. Plus, as dads begin Father’s Day celebrations, some financial firms are leading the way on paternity leave. In this episode: Steve Case, @SteveCase Steve Liesman, @steveliesman Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY