Federal Reserve: Strong jobs and CPI risks – BNY
BNY Markets strategist John Velis says a strong United States (US) jobs report has pushed expectations for a September Federal Reserve (Fed) rate hike back above 60%, despite Governor Christopher Waller’s more cautious comments.
BNY Markets strategist John Velis has indicated that a recent strong US jobs report has pushed expectations for a September Federal Reserve rate hike above 60%. Despite Governor Christopher Waller's more cautious comments, the upward trend remains unchanged. Velis anticipates two or three rate hikes over the coming months, potentially pushing policy above the 4% neutral rate, before a decline as inflation eases and the economy slows due to tighter financial conditions.
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