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In an interview with Bloomberg TV earlier today, JP Morgan’s Laura Fitzsimmons argued that the bank still sees the Federal Reserve (Fed) hiking rates three more times this year, despite yesterday’s dovish Fed May meeting minutes.

Key Quotes:

“Still sees three more rate hikes by the Fed this year.

Fed could’ve signaled a bit more of what may come in June in yesterday’s minutes.

Rate hike call remains the same though for the firm.                                                                                                                                

Three rate hikes to come this year, including the one in June.

Expecting four rate hikes to come in 2019 – continuing in a quarterly pace.

That is appropriate for where the US economy is at right now.

Although it may deviate from what a lot of investors are thinking.

Sees US 10-year yields at 3.30% by year-end.”