Fed likely to hike rates by 50bps in March – Nomura
Analysts at Japan’s investment banking giant, Nomura, change their rate hike call for the Fed, as they now see the world’s most powerful central bank raising rates by 50-basis points (bps) in March.
Key quotes
"He (Fed Chair Powel) repeatedly appeared to differentiate the upcoming hiking cycle from the last time the Fed normalized its policy rate at a roughly quarterly pace.”
"We now expect a 50 bp rate hike at the March (Fed) meeting, followed by three consecutive 25 bp hikes in May, June and July.”
“Another 25 bp hike was expected in December.”
Author
Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.
