Another ‘Out of the Box’ with some food for thought on Fed’s rate path and the most un-appreciated risk scenario, namely more hikes.
Something for your Espresso: No food for 50bp in meeting minutes
A few participants favoured a 50 bp hike at the last meeting, but the overwhelming majority backs a strategy where a slowing pace allows the Fed to gauge the extent of hikes needed. Forget about 50bps in March.
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