US: We now expect two 25 bps rate hikes by the Fed in 2022. In a significant move, Chair Jerome Powell turned more hawkish last week and highlighted that the FOMC will discuss accelerating the pace of asset purchase tapering at its December meeting.
US: We now expect two 25 bps rate hikes by the Fed in 2022. In a significant move, Chair Jerome Powell turned more hawkish last week and highlighted that the FOMC will discuss accelerating the pace of asset purchase tapering at its December meeting.