The Week Ahead – US Jobs, RBA, BNM meetings, inflation in SZ, KR, PH, TH, ID and Scandi PMIs
Nomura – The Week Ahead
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The Fed's Quarterly Pace Is Going to Carry on for a While
The outcome of the June meeting was surprisingly hawkish. The median and mode for 2023 shifted up 50 basis points to 5 and 5-8s. Powell seemed to imply that a quarterly pace was the new baseline. We'll also be watching closely for any discussion of longer-run neutral rates.
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