Will have to tighten policy quite a bit further, which is why the terminal rate Gennadiy Goldberg, senior rates strategist at TD Securities, said the Fed
In June 2023, with the market now calling for that rate to be above 5% for theįive Fed meetings next year from March through September. "The Fed is entering the new phase of this rate hike cycle, where 75, 75,īanging you over the head isn't needed anymore," he said, referring to the fourĬonsecutive rates hikes of 75 bps each at the past four meetings of Fedįed fund futures lifted expectations for the Fed's terminal rate to 5.135% Reason why there's still further selling pressure in the bond market, said Kevinįlanagan, head of fixed income strategy at WisdomTree. Powell's message was there's still a lot of rate hiking left to do, the "People don't know how lethal inflation can be if "Powell is telling everyone we're focused on inflation here, we need to With the rate hikes," said Dec Mullarkey, managing director at SLC Management in That range, the Fed will start to feel they need to be more aggressive next year "If we don't see 7.5% by year end, a lowish 7.3% or 7.4% print, somewhere in United States remains above 8% annually with few signs yet of cooling off. Message that rates would stay higher for longer to battle inflation that in the Those hoping for the Fed to signal a more dovish tone were stung by Powell's Off on the hawkish stance, and remained under pressure on Thursday.
The Fed on Wednesday raised interest rates by 75 basis points, as expected, Likely be higher than previously estimated. Powell said the "ultimate level" of the U.S. Two-year note climbing toward 5%, a day after Federal Reserve Chairman Jerome NEW YORK, Nov 3 (Reuters) - Treasury yields jumped on Thursday, with the
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