Barclays revises FOMC call this week, expects Fed to hike by 75 bps

The consensus call will continue to be for the Fed to hike by 50 bps surely but the off chance is that they might go with a surprise 75 bps rate hike instead. The only worry for the Fed is the way the market will receive that kind of decision.

As things stand, we're already seeing quite a terrible showing across all asset classes since Friday and another bolt of lightning isn't going to help calm the nerves when the storm clouds are rampaging. A 75 bps rate hike will see significant repricing for subsequent Fed meetings and that will continue to stir plenty of anxiety in markets.

US dollar US Dollar The US dollar, (symbol $, code USD) is the fiat currency of the United States of America (USD) and the most widely traded currency globally. It was introduced into the US in the late 18th Century, with paper notes not being distributed until the following century. The US dollar, also informally known as the greenback, is the world’s most foremost reserve currency, due in large part to the importance of the US economy on the world stage. Once backed by gold (in the 1900’s), the USD is now a purel The US dollar, (symbol $, code USD) is the fiat currency of the United States of America (USD) and the most widely traded currency globally. It was introduced into the US in the late 18th Century, with paper notes not being distributed until the following century. The US dollar, also informally known as the greenback, is the world’s most foremost reserve currency, due in large part to the importance of the US economy on the world stage. Once backed by gold (in the 1900’s), the USD is now a purel Read this Term