- The Fed should hold a bias for hikes – SocGen
Market news
22 tháng 9 2023
The Fed should hold a bias for hikes – SocGen
The Fed left key interest rates unchanged. The dot plot has a more hawkish tilt, economists at Société Générale report.
Option for hike retained through year-end
We side with no further tightening.
While inflation remains elevated and employment markets tight, the Fed should hold a bias for hikes.
The communications accompanying the FOMC meeting – the statement, the summary of economic projections and the press conference – signal a modestly higher chance of one more hike.
Data dependency remains.
See: The Fed’s updated guidance should reinforce the USD’s upward momentum in the near-term – MUFG
Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerOpen Demo Account & Personal Page