​Unlike prior years, the US economy is largely on track to meet the Fed’s inflation and employment forecasts for 2017. Consequently, the FOMC has clearly signaled their intent to follow through with two more rate increases this year.  Markets, however, continue to discount this - probably because they have heard plenty of unfulfilled promises of rate hikes before.
MIG believes markets are “behind the curve†this year and overlooking three compelling factors for the Fed:
1.There is a growing risk the economy outperforms the Fed’s forecasts for both inflation and employment
2.Monetary policy remains quite accommodative – despite multiple rate hikes
3.Credit conditions have not tightened much since liftoff in 2015
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.