The Fed surprised markets yesterday by forecasting two more rate hikes this year even as they broke their string of ten consecutive increases. Twelve of the eighteen dot plotters projected a terminal rate of 5.5% to 5.75% this year if the economy performs in line with their expectations; in March, most of them expected no further increases after the …
Keep reading with a 7-day free trial
Subscribe to The Credit Strategist to keep reading this post and get 7 days of free access to the full post archives.