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Macro

TD Securities Now Sees Fed Rate Hikes in December and March, Not October and January

TD Securities said it now expects the Federal Reserve to raise interest rates in December and March, shifting its forecast from October and January. The revision pushes the projected timing of the next two rate increases later into the cycle.

Original source

AI take

The revision matters less for the exact months than for what it signals: a dealer desk repositioning the near-term path of policy, which feeds directly into the rate expectations that crypto and tokenized-asset valuations trade against. The immediate read-through is a marginally longer window before the next tightening, though the destination is unchanged. Whether other forecasters follow TD in pushing the timing out, or the data forces them back toward the earlier schedule, is the open question.

Generated by AI for reference only.

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