Analysts at NBF Economics and Strategy explained that the overall changes to the central tendency of economic projections have moved marginally stronger across the horizon.
Key Quotes:
“Given their economic outlook and confidence that the risks to this outlook appear roughly balance, now a majority of participants see the fed funds rate moving up to 2.375% (7 participants) or above (1 participant) by year-end.
We take notice but want to see how risks related to international uncertainties including from emerging market will evolve before changing our forecast of only one more rate hike this year.”
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