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ANZ revise fed funds forecast higher. Expect +75bp this year, cite strong US economy
Analysts at ANZ in Australia have revised their fed funds forecast higher.
- We have revised up our fed funds rate forecast range by 50bp to 5.25-5.50%.
- We now expect the FOMC will extend tightening through Q2 and anticipate 25bp rate increases at the May and June FOMC meetings, in addition to the March hike that we already expected.
- Economic momentum at the end of last year and in early 2023 has been stronger than anticipated. We have revised up our Q1 GDP forecast... Read More
Posted: Feb 14 2023, 00:19
Author Name: forexlive
Views: 111518