Barclays Sees 75 bps Hike in July

Barclays economist Jonathan Millar sees a 75bp hike from the Fed in July, while others are calling for a 100bp hike.

"With today’s firmer-than-expected June CPI print, and last week’s strong payroll numbers, we now expect the FOMC to raise the target range for the funds rate by 75bp in July," Millar comments. "We expect an aggressive 50bp hike in September, with the terminal rate hitting 3.25-3.5% at year-end. In 2023, we now expect two 25bp cuts.

You May Also Be Interested In

• If you too like a good mystery, then you like the U.S. economy - Barkin
• Wells Fargo says CTAs bought US equities, gold and Treasuries
• Piper Sandler Reiterates Overweight Rating on Estee Lauder (EL), 'F4Q26 Preview'