‘Near-100% Certainty’ Fed Will Hike Interests Rates 0.25%: Wall Street
View Source | February 1, 2023 8:04 am
- Markets have priced in a near-100% certainty that the Fed will announce a 0.25 percentage point interest rate increase when its meeting wraps up Wednesday.
- But the focus likely will be more on Chairman Jerome Powell, who could push back on the idea of a looser Fed later this year.
- “He is on a very tight monetary policy tightrope, where he can’t allow the market to think this is the endgame,” said Quincy Krosby, chief global strategist for LPL Financial.
Click to read full article
Share This Article: