Fed: Current interest rate level to be the rate peak – Commerzbank
|The Fed decided to raise key interest rates by another 25 bps. Economists at Commerzbank see the peak in key rates as having been reached.
The Fed hikes another 25 bps
As expected, the Fed raised its key interest rates by 25 bps. The target range for Fed funds now stands at 5.25%-5.50%.
The Fed kept the option open for further interest rate hikes; anything else would also have been very surprising.
We expect weaker economic and inflation data in the coming months and therefore see the peak in key rates as having been reached.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.