Pictet Wealth Management said the market appears to be assigning an unusually high probability to a Federal Reserve rate hike, according to a report cited by Jin10 and relayed by ChainCatcher. Xiao Cui, the firm’s senior U.S. economist, said an unexpected hike cannot be completely ruled out, but current pricing looks too aggressive. Recent U.S. inflation data and comments from Federal Reserve officials have strengthened expectations that the Fed will leave rates unchanged at 3.5% to 3.75% this week. Cui also said Logan and Hammack could cast dissenting votes in favor of a 25-basis-point increase, and Kashkari may join that group as well. The remarks focus on how market pricing compares with the central bank’s likely near-term decision, rather than ruling out a hawkish split within the committee.
ChainCatcher, citing Jin10, reported that Pictet Wealth Management believes markets are assigning an unusually high probability to a Federal Reserve rate hike.
Xiao Cui, the firm’s senior U.S. economist, said an unexpected hike cannot be fully ruled out, but current market pricing appears too high. Recent U.S. inflation data and comments from Federal Reserve officials have reinforced expectations that the Fed will keep rates unchanged at 3.5% to 3.75% this week.
Cui also said that Logan and Hammack may cast dissenting votes backing a 25-basis-point hike, with Kashkari also potentially joining that camp.
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