US Economics

US Economics Weekly

21 December, 2018

Markets increasingly pricing in a Fed mistake

The clear view in financial markets in the wake of the December FOMC meeting is that any further rate hikes over the coming months are likely to be reversed in 2020. Our long-held forecast is that a sharp slowdown in economic growth next year will prompt the Fed to cut rates by 75bp in the first half of 2020, more than markets are currently pricing in.

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