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Dec 14 - 09:55 AM

USD: Fed Likely To Double The Pace Of QE Tapering Plans On Wed - MUFG

By eFXdata  —  Dec 14 - 08:33 AM

MUFG Research discusses its expectations for tomorrow's FOMC policy meeting.

"We expect the Fed to double the pace of their QE tapering plans and signal a faster pace of rate hikes in the coming years to dampen upside risks to the US inflation outlook. Currently the FOMC dots profile shows an end 2022 level of 0.25% (50/50 one rate hike); 1.0% by end 2023; and 1.75% by end 2024," MUFG notes. 

"However, we shouldn’t lose sight of the fact that the FOMC still expects a “meaningful” drop in inflation next year and while the inflation projections will be higher, by 2024 the forecast might not be too different from the 2.1% current level," MUFG adds.

MUFG Research/Market Commentary


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