High US inflation drives market expectations for a 5% or higher fed funds rate in a few months

High US inflation drives market expectations for a 5% or higher fed funds rate in a few months

With inflation showing no signs of abating, financial markets are expecting a 5% federal funds rate by March, which should lead to more volatility in stocks, bonds and currencies. Barclays sees the benchmark US interest rate target rise to 5% to 5.25% by February – from a current level of between 3% and 3.25% – …

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