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Citi jumps on the bandwagon and forecasts 50 bps for the March FOMC

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

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