Free Trial

BNY Mellon: Reiterate 75bp Hike Call

FED

BNY Mellon reiterates their call for a 75bp Fed hike this week (as they had expected prior to Monday's reports that the FOMC was actively considering 75).

  • Though they say the Fed could opt for a "mere" 50bp move, they add that in such a case, expect a "degree of hawkishness surrounding the decision".
  • They see the 2022 median Dot above 3%; 2023 close to 3.5%; 2024 converging to the longer-run setting.

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.