> Nomura analysts are expecting the Federal Open Market Committee to likely raise its short-term interest rate target by a full percentage point at its policy meeting next week on Sep 20-21, because of the emergence of upside inflation risks.
Nomura predicted that the U.S. central bank would raise its fed funds target rate by 50 basis points at both the November and December meetings.
Nomura also said it was raising its forecast for the terminal rate by 50 basis points to 4.50%-4.75% by February 2023.
The market sees the policy rate reaching the 4.00%-4.25% range by the end of this year, and 4.25%-4.5% by March.
CPI climbed 0.1% last month from July, and gained 8.3% in the 12 months through August, the Labor Department reported on Tuesday.
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