Fed likely to hike 5 times in 2018 – Deutsche Bank

Comments hit the wires last minutes from Peter Hooper, Chief Economist at Deutsche Bank Securities, delivered in a radio interview with Bloomberg.

Key Points:

“A strengthening US economy means that the Fed will raise rates at least four times this year and that "risks are moving towards five".

Fed's Lael Brainard's comments as an "important development" as she suggested that the pace of rate hikes may need to accelerate/quicken should the Fed's current forecasts be wrong.”