Not exact matches
As a result, the equity market's reaction to
tightening is more unpredictable than it has ever been, a fact
likely to increase anxiety and uncertainty throughout the
cycle.
While the Fed has verbally committed to a shallow and short
tightening cycle, interest rates are still
likely to rise.
We expect the current
tightening cycle will be steady and gradual,
likely resulting in four hikes in 2018 and two or three hikes in 2019 until rates reach 3 % to 3.25 %.