RBA to Hike Rates by 50 Basis Points in Both July and August – Terminal Rate to Reach 2.6%

Last week we lifted our forecast for the terminal US federal funds rate in December from 2.675% to 3.375%. We now expect this more aggressive approach to see the US economy stalling, with the risk of a mild recession in the second half of 2023.We expect a need for a series of rate cuts from […]

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