Financial markets are currently pricing in a 50 basis point interest rate hike and the start of quantitative tightening, with further 50bp increases expected at the June and July meeting. Get your market update from nickcawley1 here:
monetary policy decision and Fed chair Powell’s press conference . Financial markets are currently pricing in a 50 basis point interest rate hike and the start of quantitative tightening, with further 50bp increases expected at the June and July meeting. While the policy decision is unlikely to deviate from expectations, the press conference 30 minutes later will need to be closely followed for any clues from Fed chair Powell on the size of rate hikes in the future.
The Fed has already stated that it is looking to front-load rate hikes and the market has started to price in, albeit modestly, the chance of a 75bp hike at the next FOMC meeting, depending on upcoming data. Chair Powell will be asked about this and whether a 75bp hike was talked about before this meeting.
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