Troubling inflation figures could force Fed policymakers to go off-script and hike the policy rate by 75 bps in June. The dollar’s fate depends on the rate outlook amid growing recession fears.
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Gold Price Outlook: Fed expected to hike its policy rate by 50 bps next week
Gold Price Outlook: Next week, the Federal Reserve is widely expected to hike its policy rate by 50 basis points to the 1.25%-1.5% range. The Fed remains on track to opt for another 50 bps rate increase in July and it shouldn’t be a surprise if that’s confirmed.
No Doubt About 50 Bps Hike by Fed
At its event next week, the Federal Reserve is forecast to raise the FFTR by 50 bps, comments Economist at UOB Group Lee Sue Ann.
Fed hikes by 50 bps, begins balance sheet reduction from June
The US Federal Reserve announced on Wednesday that the FOMC had agreed to raise the target range for the federal funds rate by 50 basis points to 0.75% to 1%, in line with expectations.
Federal Reserve Sees Hike Rates 0.50 BPS in May Meeting [15-04-2022]
Federal Reserve officials are reinforcing expectations they’ll raise interest rates by a half percentage-point next month, accelerating a hawkish pivot to curb the hottest inflation in four decades.
Powell speech: Economy is very strong, labour markets extremely tight, inflation well above goal
Powell speech: Fed Chair Jerome Powell said in his post-FOMC meeting press conference on Wednesday that the US economy is very strong and the Fed thus expects to reduce the size of its balance sheet.
Breaking: Fed lifts Fed funds target rate by 25bps to 0.25-0.50% as expected, signals more hikes to come
The US Federal Reserve announced on Wednesday that the Federal Open Market Committee (FOMC) had voted to lift the Federal Funds Rate (FFR) target range to 0.25-0.50% from 0.00-0.25%, as expected. In the Fed’s updated statement on monetary policy, it signaled that further rate hikes would be appropriate, as expected.