Odeon's Dick Bove says the Fed is Likely to Raise Rates Next Week

• "It is highly likely that the Federal Reserve will raise interest rates next week. "

The analyst comments "It is highly likely that the Federal Reserve will raise interest rates next week. I would estimate by 25 or even 50 basis points. This will be much better for markets than avoiding a rate increase. The reason is clear. If the Fed fails to raise rates, it will be signaling that: There is a crisis in banking and, It is not serious about inflation. This would be a big mistake and I do not think the Fed wants to make yet another one."

Analyst Comments Fed

S&P 500 Climbs 0.65%, Nasdaq Up 1%, Dow Up 0.3%March 16, 2023 11:01 AM S&P 500 Erases Decline, Up SlightlyMarch 16, 2023 10:45 AM Nasdaq Erases Decline, Up Slightly, S&P 500 Still Down 0.2%March 16, 2023 9:57 AM Philly Fed manufacturing index contracted in March despite monthly improvementMarch 16, 2023 9:44 AM ECB raises rates by 50 basis points, as inflation trumps financial stability fearMarch 16, 2023 9:22 AM Stock futures fall to session lows as the ECB raises 50 bpsMarch 16, 2023 9:20 AM ECB announces monetary policy decisions, 50 bps rate increaseMarch 16, 2023 9:15 AM Philadelphia Fed (Mar) -23.2 vs -15 ExpectedMarch 16, 2023 8:31 AM Housing Starts (Feb) 1.45M vs 1.31M ExpectedMarch 16, 2023 8:30 AM Import Price Index (Feb MoM) -0.1% vs -0.2% ExpectedMarch 16, 2023 8:30 AM Initial Jobless Claims 192K vs 205K ExpectedMarch 16, 2023 8:30 AM Credit Agricole: We still expect the ECB to hike by 50bp today March 16, 2023 7:42 AM Hard landing chances increasing as tighter lending threatens growth & jobs - MSMarch 16, 2023 6:55 AM Fed will watch market reaction to ECB's decision closely - JPMMarch 16, 2023 6:24 AM Wall Street closes higher as First Republic helps lift banksMarch 16, 2023 5:56 AM Tighter Lending Threatens Growth & Jobs Outlook - Morgan Stanley's ZentnerMarch 16, 2023 5:55 AM Global S&P Futures mixed in premarketMarch 16, 2023 4:48 AM Goldman Sachs, JPM expect hit to US economic growth from SVB crisisMarch 16, 2023 2:39 AM Global shares gain as banking sector lifelines bolster confidenceMarch 15, 2023 8:30 PM Net Long Term TIC Flows $31.9B vs $152.8B PriorMarch 15, 2023 4:00 PM Nasdaq Composite Erases Decline, Flat on Session, S&P 500 Still Down 0.7%, Dow Down 0.9%March 15, 2023 2:42 PM Nasdaq 100 Erases Declines, Goes GreenMarch 15, 2023 2:25 PM Goldman Sachs cuts U.S. GDP forecast after banking crisisMarch 15, 2023 1:03 PM Stocks near session lows, Dow sinks over 2%March 15, 2023 1:01 PM S&P 500 Pares Decline, Still Down 1.2%March 15, 2023 11:20 AM Michael Burry says stand was made this past weekendMarch 15, 2023 10:21 AM Business Inventories (Jan) -0.1% vs 0.0% ExpectedMarch 15, 2023 10:00 AM NAHB Housing Market Index (Mar) 44 vs 40 ExpectedMarch 15, 2023 10:00 AM S&P 500 Tests Intraday Low, Down 1.6%March 15, 2023 9:57 AM JPMorgan cranks up equities "underweight" after market routMarch 15, 2023 9:47 AM To hike or not to hike? Fed's next move in question as bank crisis fearedMarch 15, 2023 9:39 AM S&P 500 Off Worst Level, Down 1.3%, Nasdaq Down 0.9%March 15, 2023 9:35 AM Fed Swaps Show Less Than 1-in-2 Chance Of March HikeMarch 15, 2023 9:27 AM U.S. producer prices unexpectedly fall in FebruaryMarch 15, 2023 9:11 AM BofA sees 'continued weakness in small caps near-term', prefers S&P 600 to Russell 2000March 15, 2023 8:54 AM Retail Sales Advance (Feb MoM) -0.4% vs -0.4% ExpectedMarch 15, 2023 8:30 AM PPI Final Demand (Feb Mom) -0.1% vs 0.3% ExpectedMarch 15, 2023 8:30 AM Empire Manufacturing (Mar) -24.6 vs -7.9 ExpectedMarch 15, 2023 8:30 AM We still think a 25bp rise by the Fed this month is quite likely - Credit SuisseMarch 15, 2023 8:27 AM Something bad happening to Credit Suisse would be 'like a Lehman moment' - Nouriel RoubiniMarch 15, 2023 8:02 AM Fed Swaps Price in 100bp of Rate Cuts by Dec. From Expected Peak - BloombergMarch 15, 2023 7:35 AM We may have entered a new trading regime - JPMorganMarch 15, 2023 7:21 AM Market now pricing in almost 100bp of rate cuts over next 12 months; BofA disagreesMarch 15, 2023 7:07 AM Stock futures down sharply on global banking worriesMarch 15, 2023 6:57 AM Fade Fed cuts says BofA, sees 3 more rate hikes this yearMarch 15, 2023 6:04 AM BofA sees the case for continued weakness in small caps near-termMarch 15, 2023 5:52 AM Wall Street down as Credit Suisse sparks fresh bank selloffMarch 15, 2023 5:39 AM 'Value remains abnormally cheap against growth' - CSMarch 15, 2023 4:52 AM Fed to Consider Tougher Rules for Midsize Banks After SVB, Signature Failures - WSJMarch 14, 2023 7:07 PM U.S. stocks higher at close of trade; Dow Jones Industrial Average up 1.06%March 14, 2023 5:46 PM S&P 500 Continues to Pare Gain, Still Up 0.6%March 14, 2023 3:11 PM Wall St relieved after inflation data but warns Fed’s fight not overMarch 14, 2023 2:35 PM Oil sinks as Moody's banking downgrade drops another shoe on crisisMarch 14, 2023 1:19 PM Russian aircraft collides into U.S. unmanned system - USEUCOMMMarch 14, 2023 12:54 PM S&P 500 Extends Gain, Now Up 2%, Nasdaq Up 2.3%March 14, 2023 11:17 AM Despite SVB drama, Financials attracted biggest inflows last week - Bank of America March 14, 2023 10:53 AM S&P 500 Extends Gain, Up 1.75%, Nasdaq Up 2%March 14, 2023 10:23 AM February CPI report reactions: Fed could stage a 'dramatic pivot' next week - analystMarch 14, 2023 10:19 AM A 25 bps rate hike is still a distinct possibility if financial stresses ease - Wells FargoMarch 14, 2023 9:53 AM S&P 500 Extends Gain, Up 1.5%, Nasdaq Up 1.75%March 14, 2023 9:39 AM The Fed has enough cover for a dramatic pivot in policy bias next week - Vital KnowledgeMarch 14, 2023 9:36 AM Fed seen raising rates by 25 bps next week and in MayMarch 14, 2023 9:17 AM 'Bearish everywhere, not just banks' claims CitiMarch 14, 2023 9:00 AM U.S. CPI falls to 6.0% in February, as expected, but core prices still strongMarch 14, 2023 8:43 AM Fed Swaps Show March Hike Odds Edge Up, But Still Not Fully Priced - BloombergMarch 14, 2023 8:39 AM CPI (Feb YoY) 6% vs 6% Expected; Ex-food and Energy 5.5% vs 5.5%March 14, 2023 8:30 AM CPI (Feb MoM) 0.4% vs 0.4% Expected; Ex-food and Energy 0.5% vs 0.4%March 14, 2023 8:30 AM Markets sending a message that a US recession is about to start - Deutsche BankMarch 14, 2023 7:58 AM Fed easing + credit tightening = 'worst spot for stocks’, BofA warnsMarch 14, 2023 7:54 AM 'Positioning is rapidly switching net bearish' - CitiMarch 14, 2023 7:31 AM Market fears that a US recession is about to start - DBMarch 14, 2023 7:23 AM The Cinderella story is over for SVB and the tech VC/startup community - Wedbush's IvesMarch 14, 2023 6:36 AM Fed easing + credit tightening = worst spot for stocksMarch 14, 2023 6:32 AM Bear market rallies, especially in growth stocks, VC/PE, & Treasuries should be sold - BofAMarch 14, 2023 6:25 AM We maintain our view for a 25bp rate hike in March and ongoing balance sheet reduction - BofAMarch 14, 2023 6:10 AM Big Short's Michael Burry sees no 'true danger' from SVB crisisMarch 14, 2023 5:30 AM Wall Street ends green as inflation cools, bank jitters ebbMarch 14, 2023 5:19 AM Global S&P Futures mixed in premarketMarch 14, 2023 12:57 AM Little relief for US consumers as sticky rents keep inflation elevatedMarch 14, 2023 12:04 AM