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The market wants a nod from the Fed before pushing further
The market is betting on the FOMC sounding less hawkish than just a few weeks ago.
There's been a consistent message from a number of top Federal Reserve policymakers that rates need to go higher than anticipated in the autumn when the dot plot looked like this:
Nearly all Fed members were between 4.50% and 5.00% then with the median at 4.60%. Officials had hinted at a rise above 5% but now market pricing puts 4.84% as the top, in light of back-to-back softening CPI reports.
Posted: Dec 13 2022, 20:00
Author Name: forexlive
Views: 102639
