Free Trial

George Sees Rates Above 5% And Holding Into 2024

FED
  • Speaking to CNBC, KC Fed’s George is reported as saying she has raised her forecast for rates, favors above 5% and sees holding rates up into 2024.
  • She is not forecasting a recession and sees it important the Fed follows through in shrinking its balance sheet.
  • Combined with a strong ADP report, Fed swaps now price in a terminal policy rate above 5% in 2023, touching as high as 5.07% for the Jun’23 contract.
  • Recall she is no longer a voter having voted last year and is set to shortly retire.

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.