It has been just over a year since the US Federal Reserve started raising its key rates, from below zero to a range between 4.50% and 4.75% today.
In other words, the most brutal monetary tightening since the 1980s. Have we reached the end of the road?
This is what the financial markets are once again hoping for, impatient to see the page turned from this increase in the cost of money.
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Response this Wednesday evening, after two days of meeting of the monetary policy committee with crucial issues, in the midst of financial turbulence since the bankruptcy of Silicon Valley Bank.
Before the turmoil that affected several other American banks, the markets anticipated that the Fed would continue to raise rates in the coming months to almost 6%.
From now on, they believe that the “terminal rate” has almost been reached at the current level, before an expected downward pivot.
See alsoStopping financial panic or taming inflation, the ECB's dilemma
The majority, however, are still betting on a further increase of a quarter…
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