This is via the folks at eFX.
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- Barclays Research keeps the Fed’s interest rate call unchanged on the back of yesterday’s Fed decision.
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“The FOMC raised the target range for the federal funds rate by 25 basis points, to 5.00-5.25%, as was widely expected. As we had expected, the FOMC indicated that it would likely hold off on raising interest rates in June, while presents a tightening bias, which suggests it may push prices up further, if warranted,” Barclays notes.
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“The FOMC will determine on an ongoing basis, meeting by meeting, whether or not to raise interest rates, but it is unlikely to cut rates unless inflation falls more than the FOMC expects. We are keeping our rate demand unchanged. We expect the FOMC to maintain its target range for the funds rate at 5.00-5.25% for the rest of the year,” Barclays adds.
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Graph via The Wall Street Journal: