Fed: Banks Preview, no pause yet, going ahead with 25 bps hike Fed InterestRate DollarIndex Macroeconomics Banks
hiking rates by 50 bps without causing too many market ructions, this is likely to embolden the Fed to move by 25 bps.”“We expect the following: In addition to a 25 bps hike in policy rates, the new survey of FOMC members should see rates peaking at about the same level as in December. This corresponds to rate hikes of another 50 bps from current levels.
gathers pace in the fourth quarter of this year and as inflation recedes, then we look for the FOMC to begin an easing cycle that lasts until the third quarter of next year.”“We expect the Fed to hike by 25 bps, but the decision and outlook for any tightening depend on financial stability. We retain our outlook for monetary policy, including a terminal target range of 5.25-5.5%, and a mild recession in the US beginning in Q3 of 2023.
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