Forex News April 11, 2022

 

Federal Reserve

The Fed is expected to raise interest rates by 50 basis points in May and June, according to a Reuters poll. 85 of 102 economists forecast a 50 basis point rate hike in May

56 of 102 economists forecast a follow-up 50 basis point rate hike in June

Fed funds rate now expected to be at 2.00 percent – 2.25 percent at the end of the year (previously 1.50 percent – 1.75 percent)

Fed funds rate then expected to be at 2.50 percent – 2.75 percent at the end of 2023

That’s an aggressive stance, but it’s consistent with what we’ve been hearing from Fed policymakers recently.

But, once again, how will the economy react to all of this when rate hikes aren’t exactly the answer to rampant inflation?

It will be interesting to see how the Fed can get away with an unhindered path to 2% given the economic backdrop.

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