FOMC Preview: Banks expect the Fed to take a break, but signal higher rates ahead Fed InterestRate DollarIndex Macroeconomics Banks
Markets expect rates to be kept steady after severalWe expect the Fed to maintain rates unchanged. Focus will be on communication around potential hike in July & the updated dots. The Fed is unlikely to close the door for hikes, but we doubt they will materialize.We maintain our long-held view that the Fed will tighten rates by a final 25 bps in June to a range of 5.25%-5.50%.
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