JPMorgan economist Michael Feroli believes that rising inflation will push the Fed to increase the rate by 75 basis points (bps). Economy Economics Inflation
that the Fed would raise the benchmark rate by 50 bps. However, JPMorgan economist Michael Feroli thinks a 75 bps increase is coming and 100 bps is also possible.clients in a note on Monday that a “startling rise in longer-term inflation expectations” may push the Fed to increase the rate by 75 basis points on Wednesday. “One might wonder whether the true surprise would actually be hiking 100bp, something we think is a non-trivial risk,” Feroli added.
Goldman Sachs Economists Predict a 75 bps Hike — JPMorgan Strategist Marko Kolanovic Thinks a Dovish Surprise Could Happena 75 bps hike will likely be announced at the FOMC meeting. “Our Fed forecast is being revised to include 75 bps hikes in June and July,” Goldman economists explained on Monday.We anticipate two more rate increases in 2023 to 3.75-4%, followed by one cut in 2024 to 3.5-3.75%.
“Friday’s strong CPI print that led to a surge in yields, along with the sell-off in crypto over the weekend, are weighing on investor sentiment and driving the market lower,” Kolanovic’s note to clients on Monday. “However, we believe rates market repricing went too far and the Fed will surprise dovishly relative to what is now priced into the curve,” the JPMorgan strategist added.
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