Fed Preview: Banks see a 25 bps hike as “a done deal”, focus on forward guidance Fed InterestRate DollarIndex Macroeconomics Banks
on Wednesday, July 26 at 18:00 GMT and as we get closer to the release time, here are the expectations as forecast by analysts and researchers of 14 major banks.
The FOMC is widely expected to raise rates by 25 basis points after pausing in June. But then what? Forward guidance will be key.We expect the FOMC to raise interest rates by 25 bps taking the fed funds target range to 5.25-5.50%. That would leave the policy rate in line with our terminal rate forecast. Our adapted Taylor Rule suggests a 5.5% FFR is sufficient to return inflation to the 2% target.
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