By eFXdata — Feb 27 - 10:45 AM
Nomura Research revises its Fed call.
"We revise our near-term Fed call as follows:
A 50bp rate hike in March.
Two 25bp rate hikes in May and June to a terminal rate of 5.50-5.75%. Previously, we had expected one more 25bp rate hike in March to a terminal rate of 4.75-5.00%.
Our expectation for the first cut is unchanged at March 2024.
We maintain our view that balance sheet reduction will continue until March 2024," Nomura adds.
Nomura Research/Market Commentary