What Bloomberg Economics Says
“Bloomberg Economics expects the Fed to hike by 50 bps at its next two meetings as well, with the fed funds rate exceeding FOMC members’ neutral-rate estimate of about 2.5% in the last quarter of this year. At the announced pace, the balance-sheet runoff will see the Fed’s portfolio approach its pre-pandemic size by 2024.”
— Anna Wong, Yelena Shulyatyeva, Andrew Husby and Eliza Winger (economists)
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