A month ago, the Fed funds rate range was on course to hit 5.5-5.75%, with some commentators talking about 6%. Following the recent banking turmoil, markets now see only a 50:50 chance of one last hike to 5-5.25%. Even before the recent banking failures, the economy was experiencing a tightening in lending conditions, which we felt would weigh on credit ...
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Apr 5, 2023, 10:12pm
Fundamental: Our view on the major central banks
A month ago, the Fed funds rate range was on course to hit 5.5-5.75%, with some commentators talking about 6%. Following the recent banking turmoil, markets now see only a 50:50 chance of one last hike to 5-5.25%. Even before the recent banking failures, the economy was experiencing a tightening in lending conditions, which we felt would weigh on credit ...
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