March 13 (Reuters) – Merchants now not anticipate a price hike of fifty foundation factors by the U.S. Federal Reserve subsequent week because the shock collapse of lender SVB Monetary Group rattles the banking sector.
The present projection is for a 25 bps transfer, with some even anticipating no hike in any respect.
That could be a fast reversal in expectations after a pointy fall in weekly jobless claims and hawkish commentary from Fed Chair Jerome Powell had prompted merchants to see a close to 70% likelihood of a 50 bps price hike.
Following are price expectations from main Wall Avenue Banks:
Compiled by Susan Mathew in Bengaluru; Modifying by Anil D’Silva
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