US Markets are set to increase their interest rates further into 2023.
• Markets now view it as probably that the Fed Funds rate will reach 5.25% to 5.50% in 2023.
• The Fed is now expected to hike rates at upcoming meetings in March, May and June according to interest rate futures.
• This is largely due to the idea that despite being past peak inflation rates, certain prices will continue to rise, thus more work needs to be done.
