Jefferies economists also call for 75 basis point Fed rate hike next week


Economists at Jefferies, like those at Barclays, now expect the Federal Reserve to hike by 75 basis points at the June 14-15 policy meeting “as inflation expectations begin to de-anchor.” In a note, Jefferies economists Aneta Markowska and Thomas Simons wrote that Friday’s inflation data — both the CPI and UMich inflation expectations — “are game changers that will force the Fed to switch to a higher gear and front-load policy tightening.” Until Friday, the economists had expected the Fed to deliver three 50 basis point rate hikes in June, July and September.

This article was originally published by Read the original article here.

Previous articleThe Wall Street Journal: Goldman Sachs is facing an SEC investigation over ESG funds, sources say
Next articleDow ends down nearly 900 points after inflation hits 40-year high


Please enter your comment!
Please enter your name here