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Fed might have to go to 6% to get inflation back to target - BofA
Well, markets are pricing in a terminal rate roughly around 5.40% now so it will be a big shift if we start to see expectations shift towards 6.00% instead. For some context, BofA is still expecting the Fed to raise rates three more times this year (by 25 bps) so as to push the terminal rate to the 5.25% to 5.50% range.
However, they say that "the resilience of demand-driven inflation means the Fed might have to rai... Read More
Posted: Feb 28 2023, 12:51
Author Name: forexlive
Views: 111593