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THE GIST
NEWS AND FEATURES
Global Philippines Fine Living
INSIGHTS
INVESTMENT STRATEGY
Economy Stocks Bonds Currencies
THE BASICS
Investment Tips Explainers Retirement
WEBINARS
2024 Mid-Year Economi Briefing, economic growth in the Philippines
2024 Mid-Year Economic Briefing: Navigating the Easing Cycle
June 21, 2024
Investing with Love
Investing with Love: A Mother’s Guide to Putting Money to Work
May 15, 2024
retirement-ss-3
Investor Series: An Introduction to Estate Planning
September 1, 2023
View All Webinars
DOWNLOADS
948 x 535 px AdobeStock_433552847
Economic Updates
Monthly Economic Update: Fed cuts incoming   
June 30, 2025 DOWNLOAD
equities-3may23-2
Consensus Pricing
Consensus Pricing – June 2025
June 25, 2025 DOWNLOAD
Two people discussing a chart on a tablet
Economic Updates
Policy Rate Update: Dovish BSP Narrows IRD 
June 19, 2025 DOWNLOAD
View all Reports
Currencies 1 MIN READ

Dollar bulls hope Fed changes rate hike gear again

July 21, 2022By Reuters
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China's exports, imports likely contracted more slowly in August September 5, 2023 US stocks jump 2% after recent selloff; yen drops vs dollar June 21, 2022 Asia shares wary ahead of US, China inflation data August 7, 2023

July 21 (Reuters) – US dollar bulls hope the Federal Reserve springs a surprise and raises interest rates by a larger-than-expected 100 basis points next week, as this could spur further greenback gains.

Only four out of 102 economists polled by Reuters forecast a 100-bps Fed hike on July 27. The other 98 expect an increase of 75 bps.

Interest rate futures currently suggest there is a 21% chance of the Fed raising rates by 100 bps on July 27, down from 86% last Thursday (24 hours after hotter than expected US June inflation data).

The Fed has changed gears twice since it kicked off its rate tightening cycle with a 25-bps increase in March, with May’s 50-bps hike followed by a 75-bps rise last month.

IMM speculators upped their net USD long position by USD 3.04 billion to USD 16.69 billion in the fortnight ended July 12 (ahead of the hot US inflation data).

(Robert Howard is a Reuters market analyst. The views expressed are his own)

 

This article originally appeared on reuters.com

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