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The Fed should hold a bias for hikes – SocGen – Crypto News
The Fed left key interest rates unchanged. The dot plot has a more hawkish tilt, economists at Société Générale report.
Option for hike retained through year-end
We side with no further tightening.
While inflation remains elevated and employment markets tight, the Fed should hold a bias for hikes.
The communications accompanying the FOMC meeting – the statement, the summary of economic projections and the press conference – signal a modestly higher chance of one more hike.
Data dependency remains.
See: The Fed’s updated guidance should reinforce the USD’s upward momentum in the near-term – MUFG
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