Macro - Weekly Briefings - US
The minutes from the Fed's March policy meeting underscored that policymakers intend to "move the stance of monetary policy towards a neutral posture expeditiously" in order to tackle hot inflation and assuage fears that it is behind the curve. We look for a 50bps rate hike at each of the upcoming May and June FOMC policy meetings. The Fed is also poised to start removing liquidity relatively quickly next month with the start of balance sheet reduction.
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