Natixis Investment Management’s global market strategist Mabrouk Chetouane said in a report, cited by Jin10, that Federal Reserve Chair Warsh is unlikely to challenge the current consensus at his second monetary policy committee meeting. Chetouane wrote that Warsh is not expected to give in to the temptation of a 25-basis-point rate increase, even as returning inflation to target by year-end has become nearly impossible at this stage. The view lines up with the broader analyst expectation that the Federal Reserve will leave rates unchanged on Wednesday. At the same time, money markets are still reflecting a 38% probability of a rate hike. The report points to a gap between the prevailing expectation of no move and market pricing that continues to assign meaningful odds to tighter policy.
Natixis Investment Management global market strategist Mabrouk Chetouane said in a report, cited by Jin10, that Federal Reserve Chair Warsh is unlikely to challenge the current consensus at his second monetary policy committee meeting.
Chetouane said Warsh is not expected to succumb to the temptation of raising rates by 25 basis points. The report also said that, at the current stage, bringing inflation back to target by the end of the year has become almost impossible.
Analysts broadly expect the Federal Reserve to leave rates unchanged on Wednesday, while money markets are pricing in a 38% probability of a rate hike.
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