“Fed is likely to push back”

Société Générale comments:

  • The Fed is likely to push back on market pricing of more than four
    hikes for 2022 as it prepares to embark on a rapid pace of
    balance-sheet runoffs in 2H.
  • While the committee is keen to combat
    inflation, policy is likely to remain accommodative as we gradually

The Federal Open Market Committee meeting is January 25 and 26.

fed chair powell

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