JP Morgan raises its Fed call to seven 25-bp rate hikes from five previously. UBS now expects 150 bps of tightening this year via six consecutive quarter-point moves from March through November. BNP Paribas (OTC:) expects six hikes of 25 bps this year starting in March. BofA Global Research expects the Fed to hike rates by 25bps at each of this year’s remaining seven meetings, unchanged from its previous outlook. However, it said there is a risk of a 50-bp hike in the March meeting. The current Fed fund effective target is 0-0.25% – the current Fed rate effective rate rate rate is 0.25%, according to the current rate rate of interest rate. . . .
Read more at www.investing.com