FED

After learning of this new rise, in line with the expectations of most analysts, we asked sector professionals about their assessment and expectations for the future.

As the markets wait from the outcomes of this July meeting, we have received the commentaries from the professionals in the industry.

Jerome Powell just explicitly acknowledged in a hearing before US senators on 22 June that recession is “certainly a possibility”, but said that this would not derail his fight against inflation.

The Fed has already committed to hikes of 0.5% at its June and July meetings, but it may have to go further.

It is the largest rate hike since the beginning of the century. Since 2000 rate hikes have always been in the 25 bp range.