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BoA sees two more 25bps FOMC rate hikes, in July and September

BoA sees two more 25bps FOMC rate hikes, in July and September
Bank of America forecast for the Federal Open Market Committee (FOMC): sees two more 25bps FOMC rate hikesin July and Septemberpushing the terminal rate up to 5.5%-5.75%The Federal Reserve held the Fed Funds rate steady at its meeting on Wednesday, but the dot plot was hawkish:Forexlive Americas FX news wrap: Fed hits the pause button but dots signal hikesMore from BoA: pushes out its anticipated slowdown in the US economy by two quartersexpects 1.1% q/q growth in Q4 real GDP vs the contraction... Read More
Posted: Jun 15 2023, 03:20
Author Name: forexlive
Views: 102251

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