Look for:

Our offer for

Research Detail

2022/09/16 / Erste Group Research

What comes after next big US interest rate move?

Next week, the interest rate-setting body of the US Federal Reserve FOMC will meet. There is a high probability of a 75 basis point (bp) rate hike, which will then bring the policy rate into the 3-3.25% range. Following the latest inflation figures for August, the probability of a 100bp rate hike has also increased, but we do not expect it. The new survey of FOMC meeting participants will show what happens after next week's meeting and will be the most exciting question for the markets.

For the Eurozone a first flash estimate of PMI data for September will be published. In August, sentiment in both manufacturing and service providers fell further. In particular, manufacturing suffered from a sharp decline in new orders in August. However, a weakening of the order situation was also noticeable among service providers. Now that the economic environment has hardly improved in September, we expect at best a stabilization of PMI data.


PDF Download Download PDF (212kB)

General information

AuthorErste Group Research
Date2022/09/16
Languageen
Product nameWeek ahead
Topic in focusMacro/ Fixed income
Economy in focusEurozone, United States
Currency in focusEuro, US Dollar
Sector in focus-
Download



Decline
Accept

We use cookies and web analysis software to give you the best possible experience on our website. If you consent, these tools will be used. Please read more information here

INFORMATION FOR PRIVATE CLIENTS / CONSUMERS

Any information, material and services regarding financial instruments and securities provided by Česká spořitelna/Erste Group/ or any of its affiliates (collectively “Erste Group“) on this and any linked website hereafter (jointly the “Websites“) shall be exclusively to investors who are not subject to any legal sale or purchase restrictions.

By agreeing to this hereto, the visitor entering this Websites confirms that has read, understood and accepted this Information and the Disclaimer