No doubts of a 50 bps hike by the Fed – UOB By pabspiovano Fed InterestRate CentralBanks Banks UnitedStates
At its event next week, the Federal Reserve is forecast to raise the FFTR by 50 bps, comments Economist at UOB Group Lee Sue Ann.“Given the clear indications for ongoing hikes to combat inflation spelt out in the May FOMC minutes but no intentions of cranking up the size of the hikes, we are comfortable to maintain our FFTR forecast for another 50bps each in the Jun and July FOMC.”
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