Macro - Weekly Briefings - US
Inflation is now the Fed's sole focus and we foresee an aggressive rate hike campaign. We now look for the Fed to raise the policy rate by 75bps at the upcoming July and September meetings due to our expectation of persistently high inflation through year-end and the Fed's strong determination to restore price stability. With inflation expected to start decelerating by October and the policy rate already above neutral, we look for the Fed to throttle back rate hikes to 25bps at the November, December, and January 2023 meetings.
- Please Note: Due to the brevity and/or nature of the content posted, there is no table of contents available for this report.
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