Report
Thomas Julien

December 18-19 FOMC meeting: Not as dovish as expected

Key points: In line with expectations, the Fed increased the target range of the fed funds rate by 25 bps to 2. 25 -2. 50 %. The median of the dots was lowered in 2019 and is now consistent with two hikes versus three in September. Yet, in the statement, the Fed maintained its “gradual” tightening mode one (against our expectations) only indicating that they will “monitor global economic and financial developments”. All in all, today’s information is not as dovish as it was expected by the market .
Provider
Natixis
Natixis

Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.

 

Analysts
Thomas Julien

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