Federal Reserve Chair Powell spoke on Tuesday, run down here ICYMI:
Forexlive Americas FX news wrap: Powell sends markets on a ride
Morgan Stanley is falling over itself to jack up its Federal Open Market Committee (FOMC) forecasts. After the blockbuster NFP number:
- On Friday, we added an additional 25bp rate hike at the March FOMC meeting
And now, after Powell's comments:
- on the back of Powell's appearance we are adding a 25bp to the May FOMC meeting
MS on the terminal rate:
- bringing our expectation for the peak rate to 5.00% to 5.25%
---
Bring on the hawks:
