Below is a chart and excerpt from today's Early Look written by Director of Research Daryl Jones.
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Alongside this economic set-up in our GIP models is the reality of monetary policy continuing to tighten. As highlighted below in the Chart of the Day, we currently have 5.69 additional rate hikes in store for the rest of 2022 according to Fed Funds Futures. Effectively, this is the equivalent of two more additional 75 basis point hikes by year-end. |
