Labor Strength May Lead to More Hikes than Fed Expects
Dow Jones
3 hours ago
1525 ET - After studying the Fed's dot-plot, Capital Economics says the Summary of Economic Projections suggests a limited appetite among policymakers for further hikes. While most officials penciled in one more hike for this year, the SEP also implies that the Fed may be content with just two hikes in total in this cycle, Chief North America Economist Stephen Brown says. But Brown thinks Fed officials are underestimating the potential for the unemployment rate to drop more, "meaning we are sticking with our forecast for a third hike in early 2027 as well," Brown says.
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