Federal Reserve watchers are promptly ramping up and revising forecasts on how several desire price hikes they anticipate this year following the central financial institution doubled down on plans to tighten policy and rein in inflation.
Economists at Financial institution of The usa and JPMorgan elevated their forecasts Friday, two days after the Fed’s plan-setting assembly. BofA introduced a person of the extra intense predictions on the Street. It now expects 7 hikes this calendar year — that amount was very first uttered by JPMorgan CEO Jamie Dimon throughout the bank’s article-earnings conference phone on Jan. 14. JPMorgan reported it