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'Markets are going to get rocked' as Fed is likely to push rates higher, economist warns

Por: MarketWatch Business January 09, 2023

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Last month the Fed raised the top end of its benchmark rate range to 4.5%. The central bank penciled in a 5.25% terminal rate. Investors who trade in the fed-funds futures market now expect the Fed to stop raising when rates get to 5%. Reis thinks the central bank will ultimately move rates higher. The Fed is burned by failing to recognize the persistent upward move of inflation in 2021, he said. “So I think they are biased toward... + full article



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