June 14, 2023

Wall Street banks expect 'hawkish pause' from Fed in June

June 13 (Reuters) – Most big Wall Street banks expect the Federal Reserve to keep interest rates unchanged on Wednesday, while sticking to its hawkish tone due to a strong job market and elevated inflation.

Several economists say that it is a toss-up between a skip and a hike in the June meeting, and most banks expect the central bank to prepare markets for a hike in July.

Money markets are currently pricing in a more than 80% chance of a pause this month, with rate cut expectations pushed out to next year.

Following are forecasts from some big U.S. banks and their global counterparts:

Compiled by Broker Research team in Bengaluru

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