The Federal Reserve is expected to raise interest rates today and another 75-basis-points hike is widely expected. What’s less clear is how long and how fast the central bank tightens policy. No one knows the answer at this point, not even the Fed and so the path ahead is arguably the main known risk factor for the markets. In turn, pondering where the terminal rate lies is the burning question for investors and analysts trying to forecast economic activity.
Daily Archives: September 21, 2022
Macro Briefing: 21 September 2022
* Russia announces ‘partial mobilization’ of citizens in escalation of Ukraine war
* Federal Reserve expected to raise interest rates 75 basis points today
* US and Canadian warships sail through Taiwan Strait
* Germany nationalizes energy giant Uniper amid energy crisis
* Asia’s developing economies set to grow faster than China’s
* European businesses rethink plans for a ‘closed’ China
* Disinflation may return, predicts economist at Capital Economics
* US housing starts rebounded in August as new permits plunged:
