Subscribe To
December Fed funds pricing hits 5%
At the start of the year, the market was pricing in a sharp turn from the FOMC after a failure to get to the 5-5.25% dot plot peak that was followed by rates falling to 3.5% in 2024.
It turns out that it was too early to fight the Fed.
Now, market pricing looks far more like the Fed dot plot with the July terminal rate at 5.25% in Fed funds and rates holding at 5.03% into year end.
Much of that reflects the realization that the US isn't headed towards a hard landing and pro... Read More
Posted: Feb 14 2023, 14:46
Author Name: forexlive
Views: 110834