BNP Sees Three Fed Rate Hikes Starting in December

BNP Paribas now expects three Federal Reserve rate hikes, reflecting rising inflation risks flagged by Guneet Dhingra, head of US rates strategy. The commentary points to a more hawkish policy outlook and potential upward pressure on yields. While no immediate Fed action was announced, the view is relevant for rates, duration, and broader market pricing.

Analysis

BNP Paribas now expects three Federal Reserve rate hikes, reflecting rising inflation risks flagged by Guneet Dhingra, head of US rates strategy. The commentary points to a more hawkish policy outlook and potential upward pressure on yields. While no immediate Fed action was announced, the view is relevant for rates, duration, and broader market pricing.