Fed: Seven rate hikes on the cards this year – BofA Fed CentralBanks Banks InterestRate
Bank of America Chief Economist Ethan Harris remains overtly hawkish on the Fed’s outlook, expecting seven rate hikes this year.hikes at the start of the last two hiking cycles and we think that will be the case again.”
"This would take the terminal rate to 2.75-3.00% by the end of 2023, which should slow down growth and inflation." If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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