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There’s only one cure for the Fed’s lack of a roadmap: time - CIBC
The market has been reluctant to fully price in a hike from the Federal Reserve next week with odds hovering around 85%. Some of that may reflect uncertainty about First Republic Bank but it's also a signal that the end of rate hikes is near. Even if the Fed does hike on May 3, the market isn't expecting anything afterwards."The Fed needs to hike in May and go away," writes CIBC today. "By standing pat for a couple of quarters, the FOMC will gain considerable insight into the drag from developm...
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Posted: Apr 28 2023, 19:33
Author Name: forexlive
Views: 111579