TD forecasts +75bp Fed rate hike in November, +50 in December. Terminal 5% by March 2023

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TD forecasts +75bp Fed rate hike in November, +50 in December. Terminal 5% by March 2023

<p>The Federal Open Market Committee (FOMC) minutes were released on Wednesday:</p><ul><li><a href="https://www.forexlive.com/centralbank/fomc-minutes-many-saw-holding-rates-for-some-time-after-reaching-sufficient-level-20221012/" target="_blank" data-article-link="true">FOMC minutes: Many saw holding rates for 'some time' after reaching sufficient level</a></li></ul><p>TD Securities assessment now is:</p><ul><li>We continue to look for a 75bp rate
increase in November and a 50bp hike in December</li><li>We expect ... the Fed
settling on a terminal Fed Funds target rate range of 4.75%-5% by
March</li></ul><p>Earlier (pre minutes):</p><ul><li><a href="https://www.forexlive.com/centralbank/jp-morgan-forecast-feds-upper-band-of-target-range-to-475-and-stay-there-through-2023-20221012/" target="_blank" data-article-link="true">JP Morgan forecast Fed's upper band of target range to 4.75%, and stay there through 2023</a></li></ul><p>Fed funds </p>

                This article was written by Eamonn Sheridan at forexlive.com.

Source: TD forecasts +75bp Fed rate hike in November, +50 in December. Terminal 5% by March 2023

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