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Market Outlook for the Week of February 27 - March 3
Last week the core PCE deflator in the U.S. came in above expectations, shattering any hopes of rate cuts as the market now understands that the Fed is likely to take a higher for longer approach.
The January FOMC meeting minutes showed there were a few Fed members who were in favour of a 50bps rate hike instead of a 25bps one. In light of the strong data prints of late, more Fed members might swing towards a 50bps hike until the next meeting in March.
However, it's too early to... Read More
Posted: Feb 27 2023, 09:21
Author Name: forexlive
Views: 102442
