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Nordea Now Sees 75bp Hike This Week

FED

Nordea now sees a 75bp hike (vs 50bp previously) at Wednesday's FOMC, in line with market pricing and reports Monday that the Fed was considering raising rates by that magnitude.

  • They note that rate markets are already priced for 75bp but equities could see more downside and the USD could see further strength (and vice-versa if the Fed "surprises" with a 50bp hike).

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