HALISTER1: ABN Pulls Forward Next Fed Hike Estimate to March, Still Sees 3

ABN Pulls Forward Next Fed Hike Estimate to March, Still Sees 3

(Bloomberg) -- Estimate for next Fed rate hike moved to March, with the next two in June and September, amid improvement in economic data and “hawkish tone” from Fed officials, ABN Amro economist Maritza Cabezas says in note.
  • ABN Amro had already forecast three rate hikes in 2017; market continues pricing two
    • Risks tilted toward fourth rate increase, though it will depend on size and timing of fiscal stimulus
  • NOTE: Fed fund futures pricing ~80% chance of March rate hike vs 34% on Feb. 22
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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Maritza Cabezas (ABN AMRO Bank NV)

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