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BoA are wary of a Federal Open Market Committee (FOMC) pause after a March hike
A snippet from U.S. economist at Bank of America Securities Michael Gapen on the Federal Open Market Committee (FOMC) rate hile this week and Powell's press conference:
- we continue to expect the Fed to lift its policy rate two more times in 25bp increments for a terminal target range of 5.0-5.25%
The 'but' is that the:
- FOMC communication raise a distinct risk that the Fed hikes once more in March and pauses at a target range of 4.75%-5.0%
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Posted: Feb 3 2023, 00:05
Author Name: forexlive
Views: 102096