Although on Wednesday the FOMC couched their on-hold decision with a set of hawkish dots:
I’m not seeing many folks that believe the Federal Reserve will be hiking again. Morgan Stanley for example:
- the Fed is done here
- We continue to see a soft landing
- We continue to look for the Fed to hold the peak rate at 5.1% for an
extended period - before making the first 25bp cut in March 2024