BNY: Fed expected to hike again in December; 2027 unclear
BNY’s John Velis expects the Fed to raise rates once more in December, but says 2027 depends on how effective tighter policy will be.
BNY’s John Velis said in a note that the Federal Reserve is expected to raise rates once more in December. He added that BNY is less certain the Fed can deliver as many interest-rate hikes in 2027 as the market has priced in.