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Feb 27 - 12:55 PM

USD: Change Fed Call: 50bps In March, Two 25bps In May And June - Nomura

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. 

Source:
Nomura Research/Market Commentary

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