Fed: Further rate hikes will be data dependent and could come as soon as September – Nordea

The FOMC delivered a well-telegraphed 25 bps rate hike. Any further increase will be data dependent, economists at Nordea report.

Data dependent

The FOMC unanimously raised interest rates by 25 bps. Despite the lower June CPI reading, they still see inflation as being elevated and kept the hiking bias.

Further rate hikes will be data dependent and could come as soon as September.

See:

Fed: Current interest rate level to be the rate peak – Commerzbank
Persistent inflation will keep the Fed from cutting rates this year – Rabobank

Jul 27, 2023

USD/CHF surges above 0.8660 as US economy turns out surprisingly resilient

The USD/CHF pair has recovered swiftly above the critical resistance of 0.8660 as the United States Gross Domestic Product (GDP) for the second quarte

Even the dovish-dominated ECB is unlikely to cut its rates next year – Commerzbank

The ECB has switched off the autopilot. Economists at Commerzbank note that from now on, interest rate hikes would depend on the macroeconomic data. A

Fed: Further rate hikes will be data dependent and could come as soon as September – Nordea

Data dependent

Persistent inflation will keep the Fed from cutting rates this year – Rabobank

USD/CHF surges above 0.8660 as US economy turns out surprisingly resilient

Even the dovish-dominated ECB is unlikely to cut its rates next year – Commerzbank