Lates News

The head of economics at the MacGregor Group, David Doyle, stated that following the strong non-farm payroll report released last Friday, the firm maintains its baseline expectations for the Federal Reserve's interest rate path. He said, "As we have been emphasizing for some time now, we believe that the Fed's next move will be to raise interest rates, with the likely timing being the first quarter of 2027." The risk to this expectation has shifted towards the possibility of an earlier rate hike, with the market currently pricing in the possibility of a rate hike in the fourth quarter of 2026. In the coming weeks, the Fed's language may continue to shift from leaning towards a rate cut to leaning towards a rate hike.