0.75% hike by the Fed, no bluff
Thursday 22nd September 2022View our disclaimer and terms of use: nab.co/3shJyypView our NAB Financial Services Guide: nab.co/3rvJtI9No surprise, the Fed has lifted rates by 75 basis points. NAB’s Gav Friend says the response in the bond markets was a reaction to the dot plots, which suggest rates will be at 4.4% by the end of the year, 4.6% next year and 3.8% in mid-2024. They all represent a considerable increase in the numbers given back in June. The Bank of England meets later and, although markets are expecting a 75-basis point hike there too, its unlikely to happen as inflation could…
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