Taking Powell At His Word: Wall Street Analysts Foresee Further Rate Hikes, US GDP Growth


Sell-side analysts on Wall Street are now revising their expectations for interest rate hikes by the Federal Reserve in 2023.
Leading the way is Michael Gapen, chief U.S. economist at Bank of America, and his team, who now predict two 25 basis point rate hikes, resulting in a terminal range of 5.50% to 5.75%. The second rate hike is anticipated to occur either in September or…

This story from was posted on 2023-06-28 by @polaris.


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