Subscribe To
US dollar jumps on new Fed forecasts as Powell awaited
So far it looks like Powell will be stuffing the Christmas stockings with coal.
The FOMC projections for rate hikes at year-end 2023 are a big contrast to market pricing. The market was looking for 4.28% before the Fed and they're forecasting 5.00-5.25% at the median with only two dots below 5%.
That's a higher-for-longer scenario that continues in 2024 and 2025 dots.
Now Powell could turn that all around by introducing some uncertainty around it and saying "perhaps we won't... Read More
Posted: Dec 14 2022, 19:15
Author Name: forexlive
Views: 110996
