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Vanguard says the Federal Open Market Committee (FOMC) may need to hike rates 3 more times

Vanguard manages circa USD8.1 tln in mutual funds.Prior to this week's FOMC meeting its chief global economist and head of the Vanguard Investment Strategy Group said the Fed may need to continue hiking interest rates, one to three more times.cited a substantially higher neutral rate of interest since the 2007-2009 recessionPut a 70% likelihood of the U.S. falling into a recession in the next 18 months“a soft landing is still possible, but not probable in our view, as it would require an unlikel... Read More

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Posted: Sep 20 2023, 21:57

Author Name: forexlive

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