September FOMC outcome has materially bolstered the bullish case for the USD – HSBC Fed InterestRate DollarIndex Banks
The Federal Open Market Committee delivered its third straight 75 bps increase. Economists at HSBC now expect another 75 bps hike in November and continue to look for USD strength ahead.“We now expect additional rate hikes of 75 bps in November, 50 bps in December, and a final 25 bps hike in February 2023, taking the federal funds target range up to 4.50-4.75%. The risks for policy“The USD should be well supported by the three pillars of our framework,.
for growth is likely to remain similarly USD positive. Third, the combination of these first two factors is likely to hamper risk appetite, boosting the ‘safe-haven’ USD.” Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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