Jefferies Global Economist Mohit Kumar said in a report that the firm expects the U.S. Federal Reserve to raise interest rates this week, while putting special focus on comments from Warsh about the direction of future policy. Kumar said the hike itself is expected, but the market’s attention should center on what Warsh says next. On the broader path for rates, Jefferies does not expect the Fed to match the 3.5 additional hikes priced in by the forward market. Kumar said an initial hike may be needed for credibility reasons, but any moves after that would depend on how long the war lasts and where oil prices go. The update was cited by Odaily and attributed to Jin10.
Jefferies expects the U.S. Federal Reserve to raise rates this week, according to a report cited by Odaily. Mohit Kumar, the bank’s global economist, said comments from Warsh on the future policy path will be the key point to watch.
Kumar said, 「We expect the Fed to hike, but Warsh’s comments on the future direction of policy will be key.」
On what comes after that, Jefferies said the Fed’s actual moves are likely to come in below the 3.5 additional hikes implied by the forward market. Kumar said, 「From a credibility perspective, the first hike may be necessary, but any further hikes will depend on how long the war lasts and how oil prices move.」
The item was carried by Jin10.
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