Financial Market Situation

  • High Inflation Data Could Result in Further Interest Rate Hikes Next Week, says Mitsubishi UFJ Economist

    as report goes, “The inflation data recorded this week, although in line with expectations, are still high,” said an economist at Mitsubishi UFJ. “We expect the Federal Reserve’s tightening cycle to come to an end, with a maximum tightening of 50 basis points in the future. We may see the FOMC suspend interest rate hikes after a further 25 basis points hike,” the bank’s economists also said: “Although the inflation data of the United States this week cannot guarantee that the tightening speed will accelerate to 50 basis points, if the financial market situation in the United States does not deteriorate again due to another incident in regional banks in the United States or elsewhere, then the inflation level is still high enough to justify further interest rate hikes next week.” Mitsubishi UFJ: Inflation data remains high. The Federal Reserve will still raise interest rates by 25 basis points Analysis based on this information:According to an economist at Mitsubishi UFJ,…

    03/17/2023
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