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.
Author

FXStreet Insights Team
FXStreet
The FXStreet Insights Team is a group of journalists that handpicks selected market observations published by renowned experts. The content includes notes by commercial as well as additional insights by internal and external analysts.

















