Surveillance: Tchir's Fed Forecast
Bloomberg Surveillance
00:00
The Fed's 550 Fed Rate
We're expecting a comparatively dovish hike next week. We get 25 basis points. That's all that's completely priced in at this stage. But the Fed, yes, wants to retain a degree of flexibility, but also needs to communicate to the market that 550 may very well be the terminal rate for this cycle. So we're looking for a Powell press conference that echoes what we saw in June, not what we saw at Humphrey Hawkins. And I've enjoyed that from a price of 220 down to 75 and critically, and hasn't come off the mat at all.
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