US: The Federal Reserve is expected to hike rates by 75 bps – UOB

Economist at UOB Group Lee Sue Ann comments on the upcoming interest rate decision by the Fed.

Key Quotes

“The latest US inflation print for Sep does not change our Fed view, as we maintain our expectations for the FFTR to be hiked by another 75bps rate in Nov to the range of 3.75-4.00%”.

“We expect the Fed to end the year with a 50bps hike in Dec but admittedly the market sentiment on the Fed’s pivot has been wavering given the inflation and growth developments.”