Markets

Markets are now pricing in 50bps US Fed rate cut in 2023: Chris Wood

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the US Fed raised the target range for the federal funds rate by another 75 bps to 2.25-2.50 per cent in its July meeting. The FOMC statement has downgraded its assessment of the economic situation

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Chris Wood Jefferies | Chris Wood | US Fed monetary policy



Puneet Wadhwa  | 
New Delhi 




are pricing in a 50 basis point (bps) rate cut by the (US Fed) in 2023, wrote Christopher Wood, global head of equity strategy at Jefferies, in his recent note to investors in GREED & fear. The issue for in the medium-term, he said, remains whether the US Fed really intends to try and get back below 2 per cent or whether it will in due course signal a more pragmatic (i.e. more flexible) approach to that 2 per cent target.

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First Published: Fri, August 05 2022. 09:32 IST

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