WOOD Flash – US macro: The Fed switches to a softer tone
At its meeting yesterday (22 March), the FOMC at the Fed raised the target range for the Federal funds rate by 25bp, to 4.75-5.00%, in line with expectations. A soft and less hawkish signal was conveyed in the statement and from Chairman Powell’s interaction with the press, suggesting that the FOMC will move, at most, by another 25bp, and that further rate increases are unlikely, even after the dust settles. A final 25bp rise communicated by the FOMC is VIABLE, in our view, provided that no further adverse events unfold. We maintain our guidance of the Fed funds rate falling to 3.00-3.50% in 2024E, with the start of the easing cycle possibly already seen by at the end of this year.
WOOD & Company is the leading investment bank in Emerging Europe. Founded in 1991 and head-quartered in Prague, our footprint spans the region and touches investors around the globe.
A pioneer in Emerging Europe, WOOD executed many of the first CEE equity trades and landmark investment banking transactions. Our electronic trading platform was the first in the region, and remains the best. We are continually expanding our relevance and reach in these ever-evolving markets.
Our equity market share reflects our stature: 7% in Warsaw, 20% in Bucharest, 16% in Hungary, 40% in Prague and 5% in Vienna. Our distribution is unparalleled, with the largest salesforce in the region, servicing a uniquely diverse investor base.
We couple local expertise with a truly international perspective. With offices on the ground in the region, and in key financial hubs such as London and Milano, we are never far from our clients and we remain at the forefront of what’s afoot in the CEE emerging and frontier landscape.
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.