Where's Terminal?
from Macro Minutes
All year market pricing for terminal rates in most countries has been a moving target and one directional - higher. Last week the Fed signaled a slower pace of rate hikes but a terminal value that was higher than their previous forecast. Where does this cycle end? Participants: Jason Daw (Desk Strategy), Head of North America Rates Strategy Simon Deeley (Desk Strategy), Canada Rates Strategist Peter Schaffrik (Desk Strategy), Head of UK/European Rates & Economics Daria Parkhomenko (Desk Strategy), FX Strategist Lori Calvasina (Research), Head of U.S. Equity Strategy * Research Analyst opinions are their published views, independent of those expressed by Desk Analysts
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