Fed speeds up rate hike roadmap
Thursday 17th June 2021At the FOMC meeting this morning the Fed upped their growth and inflation forecasts, twit the dot plots pointing to rate rises as soon as 2023. It\u2019s a much more hawkish meeting than had been anticipated although, NAB\u2019s Gavin Friend wonders whether enough has changed in the Fed\u2019s forecasts to warrant such a shift. UK CPI is another indicator that exceeded expectations. We\u2019re getting that a lot lately. Today\u2019s Australian employment data is also discussed in today\u2019s podcast, along with Philip Lowe\u2019s speech in Toowoomba later on.
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