No more interest rate hikes after July – experts
Expects appear to be confident that the Federal Reserve’s potential July interest rate hike would be its last for the moment.
In a note to clients, Oscar Munoz, the chief US macro strategist for TD Securities, said: “We anticipate that July will bring the Fed’s last rate increase of this cycle.”
And some economists feel the Fed shouldn’t implement any more hikes at all for now, after pausing its run of rises in June.
“I think that the current rate should be the peak,” Chris Tilley, the chief economist at Wilmington Trust, told Yahoo Finance. “I actually think that they’ve sort of gone a little bit more than they needed to.”