ANZ’s view is that the Fed is done with rate hikes.
Real rate policy is restrictive enough to return inflation to the Fed’s 2% price stability target
The October CPI data, along with the rather weak October NFP jobs figure, suggest that the Fed will leave rates unchanged at its December meeting for the third time in a row. This means that the FFR would fall 25 basis points below the average projection made at the September FOMC meeting.
For some time now, we have believed that the Fed has ended rate hikes. In fact, we think the real policy rate is sufficiently restrictive to bring inflation to the Fed’s price stability goal of 2%.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
