🧮 Economic Estimates: FOMC Monetary Policy Meeting

• The median estimate sees the Fed hiking rates by 50bps, 75% of economists surveyed by Bloomberg forecast this outcome. 24% of economists expect the Fed to hike rates by 75bps, most of these estimates are recent upward revisions, the desk at Barclays had been calling such a move since last week

• Yesterday, TD Securities, Goldman Sachs, Nomura, Wells Fargo, ING, and CIBC upgraded their calls to a 3/4 rate hike from the Fed. Only one economist expects the Fed to hike rates by the standard 25bps