Skip to main content

Peak in rates coming into view

The Fed is set to slow the pace of tightening with a 50bp rate hike at its meeting next week. Chair Jerome Powell will seek to ensure the move isn’t interpreted as a dovish ‘pivot’, and the Fed’s new projections may show a slightly higher peak in rates than before. But we continue to think a further sharp fall in inflation and economic weakness will convince the Fed to start cutting again before the end of next year.

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to gain:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services

Get access