NAB specialists and clients from across the bank’s Fund Sponsors, Strategic Investors and Alternative Assets (FSA) business gathered over lunch recently to share career stories and advice on promoting greater diversity and inclusion.
June 21, 2022
US Economic Update – June 2022
The Fed tightens the screws.
Key highlights:
- The Fed lifted the fed funds rate at its June meeting by 75bps and flagged further increases which should see it move above its estimated neutral level.
- We expect a peak fed funds rate target range of 3.25%-3.50% in early 2023.
- Given the move to restrictive monetary policy and other global economic headwinds (commodity price shock, China disruptions due to COVID), we expect growth to slow to a crawl by around mid-2023. As a result, it is likely that the US will go into recession next year.
Find out more in NAB’s US update (June 2022)
