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FOMC preview: A dovish hike, but how dovish?

FOMC preview: A dovish hike, but how dovish?
Given the fresh angst in regional banks and a 7% decline in the KRE regional bank ETF on Tuesday, the market is no longer certain about a Federal Reserve rate hike on Wednesday. The implied odds have fallen to 86% but that would still be a major surprise and holding rates might be seen as a sign of non-confidence in banks; a warning that the Fed knows something the market does.So by holding, there is a risk the Fed would worsen the current rout on the banks and that's one reason I think they wil... Read More
Posted: May 2 2023, 20:27
Author Name: forexlive
Views: 081841

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