Think Tank Report on the Fed

27th April 2017

Fed: we are hearing talk in the market about think tank piece out there garnering some attention ahead of the FOMC next week. From what we hear, the gist of the piece suggests the Fed will aim for another rate hike in June and could push ahead with plans to taper the balance sheet as soon as September.

The think tank reportedly sees a couple of possible paths for the Fed:

• hikes in June and Sept and a delayed taper or…
• hike in June, taper in Sept, and then hike again in Dec

Note we have not seen the piece but either ourselves so care please. Either outcome the piece suggests seems rather hawkish.

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