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Central Bank Watch: Fed Speeches, Interest Rate Expectations Update

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Jul 7, 2022 | DailyFX
Christopher Vecchio, CFA, Senior Strategist


  • Rates markets are still pricing in a 75-bps rate hike by the Federal Reserve later this month.
  • However, a decline in US Treasury yields may be a reflection of markets pricing in ‘peak’ Fed rate hike odds: rate cut potential is building for the second half of 2023.
  • Recent US Dollar strength is less about what the Fed may do and more about problems facing other currencies.

Letter: America's central bank adds to froth and leverage | Financial Times

In this edition of Central Bank Watch, we’ll review comments and speeches made by various Federal Reserve policymakers since the June FOMC meeting. After raising rates by 75-bps in June, there has been a consistent tone by Fed policymakers: more rate hikes are needed; more rate hikes are coming; and inflation is the top priority – even if it means a recession.

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