Danske Bank Still Expects Fed Rate Hikes in December and March, With Risks Front-Loaded

According to Jin10, Danske Bank analysts said markets will watch the Fed's next few policy meetings to see whether Fed Chair Kevin Warsh takes concrete action in response to his concerns about inflation. They said inflation remains above target, financial conditions have not tightened significantly, the labor market remains stable, and overall economic growth is solid but uneven across sectors. Against that backdrop, the analysts still expect the Fed to raise rates in December and next March, but said the risk is shifting to an earlier timing.