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📝Fed Funds Target Range Peaking At 3.00%-3.25%: Wells Fargo Securities

Writer's picture: Rosbel DuránRosbel Durán

Over the past month, Federal Reserve officials have made it clear that inflation concerns will take precedent over any other priorities. We project a 50 bps rate hike at the May 3-4 FOMC meeting and another 50 bps hike at the June 14-15 meeting. After that, we look for 25 bps rate hikes at each of the four remaining FOMC meetings of 2022. If realized, this would put the federal funds target range at 2.25%-2.50% at year-end. For 2023, we look for three more 25 bps rate hikes over the first half of the year, with the fed funds target range peaking at 3.00%-3.25%. - Wells Fargo Securities


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