The Fed launched two back-to-back 75 bps rate hikes in June and July and is likely to maintain its hawkish stance in the September meeting as well, despite easing inflation.
Victoria Fernandez, the chief market strategist at Crossmark Global Investments, said, “For me, there’s not enough evidence for the Fed to make a huge pivot from where they are. I still think they’re considering 50, 75 basis points at the September meeting.”
