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The US can still avoid a recession if its plays its cards right - CIBC

CIBC today indicates that next week it will upwardly revise its forecasts for US economic growth and pencil in an additional Fed hike this year.That move goes against the current prevailing market thinking that has the Fed stuck on the sidelines for months. Current pricing suggests only an 8% chance of a hike on Nov 1 and about 30% for the Dec 13 meeting.CIBC said the upcoming forecast will include "an additional Fed rate hike before this year ends, and a further delay before our forecast slowdo... Read More

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Posted: Oct 13 2023, 19:46

Author Name: forexlive

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