Qatar National Bank on Fed Rate Policy
National Bank of Qatar expects the US Federal Reserve Board, led by Kevin Warsh, to adopt a more hawkish stance on monetary policy due to ongoing inflation pressures and rising inflation expectations. Interest rate decisions are likely to remain data-dependent, with an anticipated 25 basis point increase by the end of the year, raising the rate to 4%, and the possibility of further increases in the first quarter of next year. This comes amid a gradual easing of earlier expectations for an easing cycle at the beginning of the year, due to escalating tensions in the Middle East and rising energy prices. The Fed’s inclination towards tightening reflects its strong commitment to restoring price stability and maintaining the credibility of its monetary policy.
تنويه: هذا ملخص تم إنشاؤه بواسطة الذكاء الاصطناعي
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