Fed expected to hike this week, but Jefferies sees fewer than 3.5 increases

2026年9月14日07:05 (39d ago)

Jefferies economist Mohit Kumar expects the Federal Reserve to raise rates this week.
3.5 rate increases are priced into forward markets, Jefferies says.
Kumar says later increases depend on the war's duration and oil prices.

The Federal Reserve is expected to raise interest rates this week, according to Jefferies global economist Mohit Kumar. He said comments from Woshi about the future policy direction will be crucial. Jefferies expects the central bank to deliver fewer rate increases than the 3.5 hikes currently priced into forward markets. Kumar said an initial increase may be needed for credibility, while subsequent moves will depend on how long the war continues and the direction of oil prices.