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17 June 2021
8 min read

Release The Hawks!



Dot plot comments in the preview:

That ratio might flip so that the median member sees rate hikes by the end of 2023 (10+ members).
After the last meeting rates markets a 'priced' a 100% chance of a rate hike in 2022.
Markets now see a lower chance of a hike in 2022 than they did in April.

That ratio did flip (and a bit more with the 2022 dots)...

Markets are back to pricing that 2022 hike at 100% and there's no doubt that this meeting was a shock to many.

(Not me though, I saw it

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