The latest Reuters poll of analysts finds that all 106 expect the Fed to hike by 25bps at next week’s meeting, taking the Fed Funds benchmark overnight interest rate to the 5.25%-5.50% range
- 19 out of 106 expect the Fed to raise rates again after a July hike
- As for the rate cut question, the share who predicted at least one rate cut by the end of March next year is down to 55% from 78% last month
More from the Reuters poll:
- Core inflation will be only slightly lower or remain around the current level of just under 5% by the end of the year, 20 of 29 respondents to an additional question in the poll said.
- on an additional question, 14 of 23 who responded said wage inflation would be the most sticky component of core inflation
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Earlier on Fed expectations:
- TD on the first Federal Reserve rate cut – penciled in Q2 of 2024
- Federal Reserve rate cut seen in Q2 of 2024
The meeting next week is on the 25th and 26th:
This article was written by Eamonn Sheridan at www.forexlive.com.
