The FOMC meeting minutes provided additional information about the Committee's decision to hike rates by 25 bps in February. Economists at TD Securities look for a 5.25% terminal rate at the May meeting.
Fed is likely to keep policy restrictive for longer
“The minutes signaled that the FOMC is not done yet in terms of further rate hikes, and it is looking to maintain a restrictive policy stance for the foreseeable future.”
“We expect 25 bps rate hikes in March and May, with the Fed settling on a terminal Fed funds target rate range of 5.00%-5.25% by May. However, we do note a sizable upside risk to our terminal rate projection, where strength in upcoming releases on CPI and PCE inflation, as well as the labor market, could very well sway Fed to continue to hike beyond the May meeting.”
“We continue to like owning 10y Treasuries as the Fed is likely to keep policy restrictive for longer, resulting in weak growth later this year and in 2024.”
면책 조항: 본 게시글에 표현된 견해는 전적으로 작성자의 견해이며 Followme의 공식 입장을 대변하지 않습니다. Followme는 제공된 정보의 정확성, 완전성 또는 신뢰성에 대해 책임을 지지 않으며, 서면으로 명시적으로 언급되지 않는 한 해당 내용을 기반으로 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다.
더 오래된 의견은 없습니다. 소파를 가장 먼저 잡으십시오.