June 15 (Reuters) – A number of main U.S. banks anticipate the Federal Reserve to ship one other 25-basis-point price hike in July after the central financial institution on Wednesday signaled that borrowing prices might have to rise by as a lot as half a proportion level by the tip of the yr.
Cash markets are presently pricing in a virtually 72% likelihood of a 25 bps price hike in July, and the primary price reduce in March subsequent yr.
Following are forecasts from some huge U.S. banks and their international counterparts:
Compiled by Dealer Analysis workforce in Bengaluru; Enhancing by Sherry Jacob-Phillips
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