Economists at BlackRock are speaking with financial advisers, saying that they are expecting “pivot language” at the next Federal Open Market Committee (FOMC) meeting
- expect a +75bp rate hike at the November (1 & 2) meeting
- smaller rate hikes in December (meeting is 13th and 14th) and January / February 2023 meeting (31st and 1st)
- and then a pause to get us to around 4.75%
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The scuttlebutt was conveyed by a Fox business reporter.
