PremiumAuthored by Michael Ball, Bloomberg macro strategist,Markets may be underpricing a July Fed hike, given still-high inflation, a steady economic backdrop, a growing committee quorum and a strong credibility incentive to move sooner and ultimately have to tighten policy less later.
Surprise July Rate Hike Would Upend Risk Sentiment
Markets may be underpricing a July Fed hike, given still-high inflation, a steady economic backdrop, a growing committee quorum and a strong credibility incentive to move sooner and ultimately have to tighten policy less later...
41 words~1 min read
