Posted 10/18/2023, 4:48:00 PM
Fed Expected to Hold Rates Steady, But Outlook Divided on Future Hikes vs Cuts
- Fed expected to hold rates steady at November meeting, but outlook for hikes vs cuts remains divided
- Around 45% see no rate cuts until H2 2023 or later, up from 29% in previous poll
- Over 80% see no cuts until at least Q2 2023; median expectation for first cut shifts to Q3
- Upside inflation/jobs surprises lend support to minority expecting another hike
- Fed's higher-for-longer message gaining traction as financial conditions tighten
- Inflation forecast to stay above 2% target through 2025
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