Free Trial

Reverse Repo

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

VIEW: TD Securities Adjust Fed Call


TD Securities note that “the Fed chair's words seemed to validate market expectations for rate hikes to start as soon as March, with QT to follow before too long. We now expect a first rate hike in March, instead of June. As before, we expect tightening actions to continue on a quarterly basis after the first move, through the end of 2023, with one of those actions being the start of QT rather than a rate hike, but we are also changing our QT call to make it the third move (in September 2022, after two hikes), rather than the fourth move (after three hikes).”

MNI London Bureau | +44 0203-865-3809 |

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.