Federal Reserve: Rate hike path and data support – Deutsche Bank
Deutsche Bank’s Jim Reid and team say the Fed’s decision on Wednesday is the main market event, with their economists expecting a 25bp hike to 3.75%-4.00% and now forecasting 75bps of hikes over the next seven months.
Deutsche Bank’s economists anticipate a 25 basis point rate hike by the Federal Reserve on Wednesday, bringing the target rate to 3.75% - 4.00%. This rise in interest rates comes after recent US CPI and PPI data, which were deemed hawkish. Retail sales are also expected to rebound, supporting a more aggressive policy stance. The Fed’s decision on Wednesday is expected to be the main market event, with economists now forecasting 75 basis points of hikes over the next seven months.
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