Last week, officials of the Federal Reserve took turns to deliver speeches, which mainly involved that the Federal Reserve would raise interest rates twice in 2017 and begin to shrink its table between the end of 2017 and the beginning of 2018. Nomura and America Merrill Lynch predicted that the Fed would raise interest rates twice in 2017.
Nomura Securities analysts pointed out on Monday that a number of FOMC members delivered a speech last week, and they were firm in their attitude towards two more interest rate hikes in 2017, provided that the economic performance met expectations.
In the interview, Dallas Fed chairman Kaplan said that in terms of three interest rate hikes this year, we have completed one interest rate hike, which is a good start. The CPI data for March released last week fell unexpectedly, and the consumption data was tepid. Boston Fed chairman Rosengren said that although the recent data was weaker than expected, it was still appropriate to raise interest rates twice this year.
Michelle Meyer and Joseph song, economists at Bank of America Merrill Lynch, and mark cabana, strategist, said in the report that the Federal Reserve is likely to want to raise interest rates to at least 1.25% -1.5% before shrinking the table; The decision-makers may announce the change of reinvestment plan in December, which is equivalent to raising interest rates by about 25 basis points.
Federal Reserve officials may implement the reduction plan in early 2018. Bank of America Merrill Lynch insisted on predicting that the Federal Reserve would not raise interest rates at its June meeting, would raise interest rates in September and December, and would raise interest rates three times in 2018.