US: FED IS WIDELY SEEN KEEPING ITS RATES UNCHANGED – UOB
Economist at UOB Group Lee Sue Ann comments on the upcoming FOMC event later on Wednesday.
Key Takeaways
While Fed Chair Jerome Powell’s speech at Jackson Hole had a hawkish tint, it was also balanced with the explicit acknowledgement that monetary policy is restrictive. Retaining the policy optionality is not the same as committing to more rate hikes (which was the message in last year’s speech).
As such, we reaffirm our stance the Fed will be on pause for the upcoming Sep FOMC and for the rest of 2023, with the terminal FFTR level at 5.25-5.50%.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.