Goldman Sachs Asset Management issued a more ironic assessment:
- The rates market must seriously consider the likelihood of a longer rise, at least through the summer and potentially until the end of the year.
- This figure did not eclipse the Fed’s confidence, but it did cast a shadow over it.
Bank of America maintains its call for a rate cut in June, but warns:
- we believe that unfavorable base effects on inflation in the second half of this year mean that the Fed may be forced to delay the start of any easing cycle until December this year or March next year.
The meeting dates from the past and continues this year.
This article was written by Eamonn Sheridan at www.forexlive.com.
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