EcoTV Week 2018/09/28 | Fed: Gradualism Prevails

“It depends” is in a nutshell the message from the press conference of chairman Powell after the FOMC’s decision to hike the target rate with 25 basis points, a move which was fully priced in by markets. Judging by the comments further moves will be gradual and date dependent. Adopting a faster or slower pace would be conditioned by developments which would differ from the committee’s baseline. The market sees a 78% probability of another hike at the December meeting. Based on how good the economy is doing, that looks like a safe bet.

Close Window
View the Magazine



I also agree to receive editorial emails from InvestmentEurope
I also agree to receive event communications for InvestmentEurope
I also agree to receive other communications emails from InvestmentEurope
I agree to the terms of service *


You need to fill all required fields!