ICYMI – BlackRock expect “pivot language” at the next Federal Reserve meeting

Economists at BlackRock are speaking with financial advisers, saying that they are expecting “pivot language” at the next Federal Open Market Committee (FOMC) meeting

• expect a +75bp rate hike at the November (1 & 2) meeting
• smaller rate hikes in December (meeting is 13th and 14th) and January / February 2023 meeting (31st and 1st)
• and then a pause to get us to around 4.75%

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The scuttlebutt was conveyed by a Fox business reporter.