Fed Still Behind the Curve Despite Signalling Six Further Rate Hikes

Key takeaways As expected, the Fed hiked the Fed funds target range by 25bp to 0.25-0.50%. The Fed says that it “anticipates ongoing increases in the target range will be appropriate”. The median dots signal an additional six 25bp rate hikes this year (1.75-2.00% by year-end). Fed says the economic implications of the Russian invasion […]

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