Macquarie Group’s head of economics, David Doyle, said the bank has maintained its baseline view on the U.S. Federal Reserve’s interest-rate path after last Friday’s strong nonfarm payrolls report. According to Jin10, Doyle said Macquarie continues to believe the Fed’s next move would be a rate hike, with a baseline timing of the first quarter of 2027.
Doyle added that risks around this view have shifted toward an earlier hike, and that markets have priced in the possibility of a rate increase in the fourth quarter of 2026. He also said the Fed’s messaging in the coming weeks may continue to move from a bias toward rate cuts to a bias toward rate hikes.
David Doyle Sees Fed Rate Hike as Next Move, With Baseline Timing in Q1 2027
2026-06-08 06:02:00
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