The Fed is not likely to hike rates yet again, at least not in the immediate meeting after the March rate hike, that is, of course, the consensus; however, considering how much these so-called “economists” have gotten wrong over the past few years, if it were up to me, I’d say anything goes, although the likelihood of a rate hike is small, it is still a possibility.
Here are some of the facts that we know:
Therefore, with FOMC members unanimous in their voices, future rate hikes are almost certain. If I were to take a guess, I’d peg June and September as the months for the next 2 rates hikes, since both meetings have the summary of economic projections scheduled along with Yellen’s press conference.
That said, it is also important not to fall into the notion that Fed will only announce important rate changes during those full months (March, June, September, December), because I’ve seen the Fed holding press conferences when there were none scheduled with surprise announcements. Obviously that would send out an unwanted desperate signal, which is something that they will try to avoid at all cost.
Lastly, here’s a brief talking points of what Yellen said in her last Press Conference:
Key Facts For The Upcoming FOMC Meeting
May 1, 2017 by Leave a Comment