Elena Nikulina

Fed seen raising rates twice in 2024, Lisa Abramowicz reports

Fed seen raising rates twice in 2024, Lisa Abramowicz reports
Deutsche Bank forecasts two Fed hikes

Lisa Abramowicz, journalist and co-host on Bloomberg TV/Radio, reports that Deutsche Bank’s Matthew Luzzetti has revised his Federal Reserve forecast following the latest FOMC meeting. Luzzetti now expects the Fed to raise rates by a total of 50 basis points in 2024, with the base case scenario calling for two hikes in September and December to address persistent inflation.

Abramowicz has recently reported that the U.S. stock market is in the midst of its longest rally since 2023, with a nine-week streak that could soon rival the best run since 1985 (details). She also noted the gap between U.S. 2-year and 10-year Treasury yields has tightened to its smallest in a year (more here). These observations come as market participants reassess rate expectations following the latest FOMC meeting.

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