BlackRock says Federal Reserve could hike rates to 6%, hold for an extended time there

A note from Rick Rieder, chief investment officer of global fixed income at BlackRock, the world’s largest asset manager. Info via Reuters report:

• Fed could raise interest rates to 6%
• and keep them there for an extended period of time

This follows Powell speaking on Tuesday US time:

• Forexlive Americas FX news wrap 7 Mar: Powell leans toward an acceleration toward 50 bps

Rieder:

• "We think there’s a reasonable chance that the Fed The Fed "The Fed" is a short-hand that refers to the Federal Reserve or Federal Reserve System, the central banking system of the United States. Traders often discuss the actions of the Fed, primarily interest rate decisions, as they significantly impact all financial markets.The Fed shouldn't be confused or substituted with the term "the Feds" and doing so tells everyone you're a total noob. The term "the Feds" refers to US Federal law enforcement, including such agencies as the FBI (Federal Bureau of "The Fed" is a short-hand that refers to the Federal Reserve or Federal Reserve System, the central banking system of the United States. Traders often discuss the actions of the Fed, primarily interest rate decisions, as they significantly impact all financial markets.The Fed shouldn't be confused or substituted with the term "the Feds" and doing so tells everyone you're a total noob. The term "the Feds" refers to US Federal law enforcement, including such agencies as the FBI (Federal Bureau of Read this Term will have to bring the Fed Funds rate to 6%, and then keep it there for an extended period to slow the economy and get inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term down to near 2%,"

The Reuters report also adds:

• Goldman Sachs said in a note on Tuesday that it had raised its forecast for the so-called terminal rate by 25 basis points to a range of 5.5%-5.75%.

(GS have added in a +25bp hike in July to its forecast to take their terminal rate projection higher).

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The Federal Open Market Committee (FOMC) meet on March 21 to 22.