- Fed: Current interest rate level to be the rate peak – Commerzbank
Market news
27 July 2023
Fed: Current interest rate level to be the rate peak – Commerzbank
The Fed decided to raise key interest rates by another 25 bps. Economists at Commerzbank see the peak in key rates as having been reached.
The Fed hikes another 25 bps
As expected, the Fed raised its key interest rates by 25 bps. The target range for Fed funds now stands at 5.25%-5.50%.
The Fed kept the option open for further interest rate hikes; anything else would also have been very surprising.
We expect weaker economic and inflation data in the coming months and therefore see the peak in key rates as having been reached.
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