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2022/06/16 / Erste Group Research

Fed ups ante against inflation

As was reported in the US media already on Monday, the FOMC, which is responsible for the Fed's monetary policy, decided yesterday to increase the range for the key interest rate by 75 basis points to 1.5-1.75%. Furthermore, a series of rate hikes was laid out.

The bond market reacted to the FOMC meeting with yield declines, as doubts about a soft landing for the US economy are warranted with this interest rate path laid out. During the coming months, the further development of monetary policy will remain uncertain, as we expect weaker economic data, while progress on inflation could be slow.


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General information

AuthorErste Group Research
Date2022/06/16
Languageen
Product nameShort Notes Major Markets
Topic in focusMacro/ Fixed income
Economy in focusUnited States
Currency in focusUS Dollar
Sector in focus-
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