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Jul 25 - 02:55 PM

USD: FOMC To Hike 75bps This Week And Leaves The Door Open To Additional 75bps Hikes - TD

By eFXdata  —  Jul 25 - 01:30 PM

TD Research discusses its expectations for this week's July FOMC policy meeting.

"We expect the FOMC to follow up June's large 75bp rate increase with a similar move in July, lifting the target range for the Fed Funds rate to 2.25%-2.50%. In doing so, the Committee would bring the policy stance to its estimate of the longer-run neutral level," TD notes. 

"We also look for Chair Powell to retain optionality by leaving the door open to additional 75bp rate increases," TD adds. 

Source:
TD Bank Research/Market Commentary

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