Markets expect the Fed to hike again in December — even as the Treasury Secretary says stop.
Treasury Secretary Scott Bessent said Friday, Nov 13, the Fed should not tighten policy further. But CME FedWatch (Nov 14) still prices an 88.5% chance of a 25bp hike at the Dec 8–9 meeting — and 11.5% for a 50bp move.
The Fed hiked in September, lifting rates to 3.75%–4.00%, its first increase since July 2023. A 25bp hike in December would take the range to 4.00%–4.25%.
Decision due Wednesday, Dec 9, 19:00 UTC — with a new dot plot.
#fed #fomc #economy
Treasury Secretary Scott Bessent said Friday, Nov 13, the Fed should not tighten policy further. But CME FedWatch (Nov 14) still prices an 88.5% chance of a 25bp hike at the Dec 8–9 meeting — and 11.5% for a 50bp move.
The Fed hiked in September, lifting rates to 3.75%–4.00%, its first increase since July 2023. A 25bp hike in December would take the range to 4.00%–4.25%.
Decision due Wednesday, Dec 9, 19:00 UTC — with a new dot plot.
#fed #fomc #economy
