USD: Fed To Hike This Week & Give A Clear Message On Balance Sheet – Barclays

Barclays Capital Research expects the Fed to raise the target range for the federal funds rate by 25bp to 1.00-1.25% at its June meeting this week.

“Although some details may be lacking, we expect the message on balance sheet policy to be clear: consensus has been reached and runoff is likely to begin soon.

Given our expectation of a rate hike in June and balance sheet runoff in September, we find it unlikely that the Fed will deliver a dovish message on the outlook,” Barclays adds.

Source: Barclays Research

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