Reto Cueni, chief economist at St. Gallen-based think tank Studie? No. In a report cited by BlockBeats on Aug. 27, Cueni said markets may slightly raise expectations for a Federal Reserve rate hike ahead of the September meeting. Even so, he added that the market still likely expects the Fed to leave rates unchanged, and his own firm does not currently expect a hike. Cueni said the group is maintaining its view that the Fed will not deliver any additional rate increases in the second half of this year. LSEG data show money markets are currently pricing a 65% probability that the Fed will keep rates unchanged at its September meeting. The remarks point to some near-term movement in pricing, but not a shift in the base-case view described in the report.
Markets may slightly lift expectations for a Federal Reserve rate hike before the Fed's September meeting, according to a report cited by BlockBeats on Aug. 27.
Reto Cueni, chief economist at SITAI Group, said the market still likely expects the Fed to leave rates unchanged. SITAI Group itself also does not currently expect a hike.
SITAI Group keeps its second-half call unchanged
Cueni said, 「At present, we still maintain our view that the Federal Reserve will not raise rates further in the second half of this year.」
According to LSEG data, money markets are currently pricing a 65% probability that the Fed will keep rates unchanged at its September meeting.
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