Our team outline their forecasts for central banks, as policymakers continue to make changes in interest rates amid global inflation concerns. Federal Reserve: Our call: 50bp rate hikes in June, July and September before switching to 25bp in November, December, and February 2023 as quantitative tightening (QT) is felt. Rate cuts in 2H 2023. Rationale: Domestic demand remains strong and in this environment businesses are able to pass higher energy, commodity, labour and supply chain-related costs onto their customers. The Fed is seeking to bring demand into better balance with the supply capacity of the economy. But ... (full story)