Pictet Wealth Management said the market is currently pricing an unusually high probability of a Federal Reserve rate hike. According to Jin10, senior U.S. economist Xiao Cui said current market pricing appears too high, and added that the latest U.S. inflation data and comments from Federal Reserve officials have reinforced expectations that the Fed will keep rates unchanged at 3.5%-3.75% this week.
Cui said officials continue to view inflation as the more important policy risk, leaving the door open to tightening as early as September. She also said Logan and Hammack may vote for a 25-basis-point rate hike, and Kashkari may join them.
Pictet Wealth Management: Market May Be Overpricing Fed Rate-Hike Odds
2026-07-28 04:29:50
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