- The US Federal Reserve is turning increasingly hawkish—hiking rates fast enough to slow inflation while maintaining economic growth will be a monumental task.
- The Franklin Templeton Investment Solutions team opines on what to expect from the Fed and gauges whether it is already behind the curve.
- We believe the Fed is likely to raise rates to 2.5% (upper bound) by the end of this year, with 50 basis point (bps) hikes at the May and June FOMC meetings and 25 bps hikes at the subsequent meetings this year.
For further details see:
Fed Pivot Becomes Fed Prayer