NatWest Markets is now forecasting a 50 basis point hike at the March meeting of the Federal Open Market Committee, up from a previous estimate of a 25 basis point rise. “It’s true the PCE report is just one report and that January alone may not be enough to persuade all of the mainstream members of the FOMC to get back on board for a super-sized rate hike again, but given our expectation that the February data won’t necessarily rollover enough by the time of the March 22 meeting,” said Kevin Cummins, chief U.S. economist.
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