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BoA unconvinced the FOMC rate hike cycle is over, more ahead has "USD supportive aspects"

BoA unconvinced the FOMC rate hike cycle is over, more ahead has
Bank of America economic analysts on their outlook for the Federal Open Market Committee (FOMC) and the implications for the US dollar. We retain our view that the Fed has one more policy rate hike in store and look for a 25bp rate hike at the September FOMC meeting for a terminal target range of 5.50-5.75%we retain our view that the first policy rate cut will come in May 2024For the currency:Despite the USD's notable selloff earlier this month, we remain constructive in the short term, as broad... Read More
Posted: Jul 28 2023, 00:56
Author Name: forexlive
Views: 1021100

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