- Analytics
- News and Tools
- Market News
- Fed's last rate hike coming at July meeting – Reuters poll
Fed's last rate hike coming at July meeting – Reuters poll
“The US Federal Reserve will raise its benchmark overnight interest rate by 25 basis points (bps) to the 5.25%-5.50% range on July 26,” per all the 106 economists polled by Reuters in its July 13-18 survey.
The sentiment poll also mentioned that the majority of respondents, 87 from 106, expect July’s Fed rate hike will be the last increase of the current tightening cycle.
It’s worth noting, however, that around 55% of the respondents, versus 78% prior, anticipated at least one rate cut by the end of March 2024, suggesting higher rates for longer.
“A slight majority of economists who answered an additional question, 14 of 23, said wage inflation would be the most sticky component of core inflation,” the survey results stated additionally.
US Dollar recovery gains traction
While the latest Reuters poll suggest more downside for the US Dollar, the same appeared to have already priced in as the US Dollar Index (DXY) dropped to a fresh 15-month low on early Tuesday before bouncing off the 99.56 level, around 99.95 by Wednesday’s Asian session.
Also read: Forex Today: US Retail Sales failed to hold back the US Dollar, eyes on NZ CPI
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
