Fed May Need Four or Five Rate Hikes in Total, Economist Says

Neil Dutta of Renaissance Macro Research expects the Federal Reserve to revise its inflation expectations in early 2027 and believes the central bank may ultimately need to deliver four or five interest-rate increases.

Neil Dutta, head of US economic research at Renaissance Macro Research, said the Federal Reserve may need to raise interest rates four or five times in total.

Speaking on “Bloomberg Surveillance,” Dutta also said he expects a change in the Fed’s inflation expectations in early 2027. His outlook points to a potentially more restrictive interest-rate path than currently anticipated.

Sources: Bloomberg Markets.

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