The Fed is about to end rate hikes with inflation set to plunge as high-income earners file for unemployment benefits at a record pace

Wed, 04/26/2023 - 21:18

People talking at a job fair — Marlith Kanashiro (L) speaks with a recruiter at the ISG booth setup in the Mega Job Fair held at the FLA Live Arena on June 23, 2022 in Sunrise, Florida.
Joe Raedle/Getty Images

The Federal Reserve is about to end its interest rate hikes as wage growth is set to weaken, according to Fundstrat.
The research firm expects a 25-basis-point rate hike in May and then a pause with inflation set to plunge.
Fundstrat observed that Americans making more than $200,000 have filed for unemployment benefits at a record pace.

The Federal Reserve is gearing up for its last interest rate hike at its upcoming meeting with wage inflation set to weaken, according to a Wednesday note from Fundstrat.