Free Trial

Analysts Raising Rate Forecasts Post-FOMC

FED

From our Fed Review publication out earlier - a few upward revisions to analyst rate hike expectations following Wednesday's FOMC:

  • Barclays: Now expect 50bp Dec hike (was 75bp), but now see a “somewhat more drawn out hiking cycle”. Still see 50bp hike in Feb, but now also see 25bp in Mar, with terminal rate 5.00-5.25%. Three 25bp cuts in late 2023.
  • CIBC: Raised terminal rate by 25bp to 4.50-4.75%.Citi: Raised terminal rate to 5.25-5.50%: 50bp hike Dec and Feb, 25bp Mar, 25bp May.
  • Danske: Now see a 50bp hike in February, in addition to the 75bp they saw in Dec – terminal 5.00-5.25%.
  • RBC: Upping terminal to 5.25% from 4.75%, with Feb 50bp (was 25bp) and an additional 25bp in March.
  • TD: Upping terminal rate to 5.25-5.50% from 4.75-5.00%. 50bp hikes in Dec and Feb, 25bp in Mar and May.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.