📝Expect Fed to Deliver 75bps Rate Hikes In June, July: Nomura

Revising forecasts higher to 75bps rate hikes from the Federal Reserve in June and July from previous 50bps rate increases. See a 50bps rate hike in the May Fed meeting. By July, rate moves would take the Federal funds rate to around the FOMC's estimate of neutral or 2.25%-2.50%. - Nomura