'Stasis' or One Last Bitter Pill

The US FOMC is scheduled to meet on the 2nd and 3rd of May’ 23 to deliberate and decide on the future interest rate trajectory While this event will be keenly awaited as has been the case with all previous FOMC meetings, this may well turn out to be one of those epochal ones if market participants are to be believed as they anticipate the committee to deliver the last rate hike of 25 bps in this current hiking cycle or even decide to pause the rate hike cycle altogether. Our team takes a look at the data emerging from across the markets globally and the impacts and outlooks.