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Odds of a 50 bps hike on March 22 fall to 28%
What would have to happen for the Federal Reserve to hike rates by 50 bps on March 22?
First, there would need to be a sublime resolution to the current bank run. That's not impossible but it's tough to imagine that the mood could switch so rapidly that the Fed wouldn't feel bruised or feel that the episode didn't put downward pressure on the economy.
Second, CPI would need to be high. How high? The consensus estimates on headline and core are both +0.4% and I'm guessing at least... Read More
Posted: Mar 10 2023, 21:07
Author Name: forexlive
Views: 110787