Monetary Policy & Inflation | Rates | US
FOMC Review: On Balance, Hawkish
- By Dominique Dwor-Frecaut
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- 3 min read
Summary
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- The Fed hiked 50bp, as expected.
- The SEP was more dovish than I expected and continued to show a soft landing largely based on “immaculate disinflation”
Market Implications
-
- The market is underpricing the terminal and the end-2023 FFR.
Summary
-
- The Fed hiked 50bp, as expected.
- The SEP was more dovish than I expected and continued to show a soft landing largely based on “immaculate disinflation”
Market Implications
-
- The market is underpricing the terminal and the end-2023 FFR.
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