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Citi jumps on the bandwagon and forecasts 50 bps for the March FOMC
The market is now pricing in a 68% chance of a 50 bps hike on March 22 with the remainder at 25 bps.
Citi economists are chasing the market and have changed their forecast to a 50 bps hike and a terminal rate at 5.50-5.75%.
It's an interesting mental exercise with the Fed right now because the comments regarding 50 bps from Powell were tame and non-committal.
As I mentioned, the latest economic data have come in stronger than expected, which suggests that the ultim... Read More
Posted: Mar 8 2023, 13:52
Author Name: forexlive
Views: 110539