MNI Fed Preview - September 2022: Terminal Vision
Sep-19 17:05By: Tim Cooper
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EXECUTIVE SUMMARY:
- Along with a 75bp hike at the September meeting, the FOMC will attempt to cement “higher for longer” rate pricing.
- With changes to the statement likely to be limited, immediate focus will be on the Dot Plot’s end-2022 median rate forecast and the 2023 “terminal” rate, for which sell-side expectations center on 3.9% and 4.2%, respectively.
- MNI sees a flatter Fed funds rate “Dot Plot” than consensus, though risks to the 2023 Dot lie to the upside of 4.1%.
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Source: MNI
