Fed Solidly in 3 Hike Camp – Wren

Our Point of View
Hours early, the Fed has increase interest rate from 1.50% to 1.75%. However, we do observe dovish hike has been a common sight in the market. The reason behind this is the market has already priced-in. We believe to see USD appreciation, the Fed Chair or FOMC committee has to share more on how much more they will be doing it and the jobs growth, as well as trade tax, are in consideration.
Market seems to look into 2 more rate hike by end of this year rather than 3 rate hike shared weeks ago by US new Fed Chair Powell.


Source from: https://www.bloomberg.com/news/audio/2018-03-22/fed-solidly-in-3-hike-camp-wren

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