We expect the FOMC to hike the FFTR by 25 bps to 5.5% (upper bound) at its 25-26 July meeting. We see policymakers reiterating their hawkish rhetoric, leaving scope for further rate increases.
We expect the FOMC to hike the FFTR by 25 bps to 5.5% (upper bound) at its 25-26 July meeting. We see policymakers reiterating their hawkish rhetoric, leaving scope for further rate increases.