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Evans More Hawkish Than Last Week

FED
  • A 2023 voter, Chicago Fed’s Evans appears more hawkish than when he spoke last week.
  • On the path, he had noted last week that he would want to get towards neutral by end-22 or early-23. His estimate of the neutral rate at 2.25-2.5% is unchanged, just the potential speed in which to get there.
  • He had been a dot voting for 7 hikes in 2022 at the March FOMC (i.e. 1.75-2% for end-2022).
  • FOMC-dated Fed Funds futures currently sit at 47bps for May 4, 94bps for Jun 15 and 220bps to year-end.

Headlines below all from Bloomberg.

*EVANS SAYS 50 BPS HIKE IN MAY IS `WORTHY OF CONSIDERATION'

*EVANS SAYS 50 BPS HIKE AT MAY MEETING IS PERHAPS HIGHLY LIKELY

*EVANS: OK IF WE ACCELERATE TIGHTENING TO GET TO NEUTRAL BY DEC.

*EVANS SEES NEUTRAL FED FUNDS SETTING IN 2.25%-2.5% RANGE

Energy BulletsCommoditiesFOMC Calendar Market News
Energy BulletsCommoditiesFOMC Calendar Market News

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