Fed watchers are talking seriously about an interest rate hike before the Fed’s next formal meeting on March 16. Goldman Sachs said it now sees seven consecutive 25 basis point rate hikes at each of the remaining Fed policy meeting this year.
At the moment, Wall Street economists seem to be telling their clients “more hawkish than we thought five minutes ago.”
The consumer price index rose 0.6% in January, with broad based gains. The year-over-year rate rose to 7.5%, the highest level in 40 years.In the wake of the data, Goldman Sachs said it now sees seven consecutive 25 basis point rate hikes at each of the remaining Fed policy meeting this year. The investment bank’s earlier prediction was five hikes.
The talk about an inter-meeting rate hike before March 16 erupted late Thursday after St. Louis Fed President James Bullard said was open to having that discussion. March Chandler, forex analyst for Bannockburn Global Forex, said it will be difficult for Fed officials to get ahead of the curve of expectations.
Under the Fed’s QE program, the Fed is scheduled to release its schedule for the last month of asset purchases. However, Robert Perli, head of global policy at Piper Sandler, said the firestorm among Fed watchers felt like “much ado about little.”
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Asian stocks higher despite Russia-Ukraine tensionsAsian shares mostly rose Thursday as investors tried to gauge U.S. inflation, tensions between Russia and Ukraine and the impact of the pandemic.
Consulte Mais informação »
USD/CHF consolidates as traders await US inflation readings to confirm Fed hawkish biasAt 0.9242, USD/CHF is flat on the day as traders get ready for the US Consumer Price Index that will be released in the US morning, expected to seal t
Consulte Mais informação »
BOJ’s official: Firms continue to pass on higher raw material costs moderately to sales pricesFollowing the release of Japan’s Wholesale Price Index (WPI), earlier on, a Bank of Japan (BOJ) official said that “companies continue to pass on high
Consulte Mais informação »
EUR/JPY making higher daily lows, US CPI loomsAt 131.92, EUR/JPY is flat on the session and sticking to a 131.86, 132.04 range so far on the day as traders await, in high anticipation, for the US
Consulte Mais informação »
Caitlin Long's Wyoming Crypto Bank Takes a Step Toward Fed MembershipNEW: Wyoming-based crypto bank AvantiBT, led by CaitlinLong_, is a step closer to potentially acquiring a master account with the federalreserve. nikhileshde reports
Consulte Mais informação »
Japan stocks set for higher start as investors await U.S. inflation dataThe U.S. consumer price index report is set to be released Thursday stateside.
Consulte Mais informação »