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    Published on Wednesday, May 27, 2015 | Updated on Wednesday, May 27, 2015

    U.S. | The Speed of Federal Funds Rate Normalization

    Summary

    The approaching liftoff in 2015 will signify policy normalization rather than tightening. The initial rate hike and the subsequent policy firming is expected to proceed with equal 25 basis points incremental changes in the Fed funds rate. The trajectory of the Fed funds rate path will incorporate 8 to 10 rate hikes by year-end 2017

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    Shushanik Papanyan

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    Report (PDF)

    150522_US_EW_SpeedFFR_Normalization

    English - May 27, 2015

    Report (PDF)

    150527_US_EW_SpeedFFR_Normalization_esp

    Spanish - May 27, 2015

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