The US-based rating agency Fitch came out with its latest review of the Fed’s decision to hike rates by 25 bps (target range of 1.00% – 1.25%).
Key headlines (via Reuters):
U.S. Fed heading for faster-than-expected normalisation
Rate hike and comments by Federal Reserve reinforces view that U.S. Interest rates will normalise faster than financial markets expect
Says “?rate increase and accompanying comments bolster our view that fed Funds rate is likely to normalise at 3.5% by 2020 “
It believes U.S. Fed is increasingly comfortable with its normalisation process and less data-dependent following recent inflation readings