<p>A note from Rick Rieder, chief investment officer of global fixed income at BlackRock, the world’s largest asset manager. Info via Reuters report:</p><ul><li>Fed could raise interest rates to 6%</li><li> and keep them there for an extended period of time</li></ul><p>This follows Powell speaking on Tuesday US time:</p><ul><li><a href="https://ift.tt/2TGsj8K" target="_blank" rel="follow" data-article-link="true">Forexlive Americas FX news wrap 7 Mar: Powell leans toward an acceleration toward 50 bps</a></li></ul><p>Rieder:</p><ul><li>"We think there’s a reasonable chance that <a href="https://ift.tt/hGuKyiF" class="terms__main-term" id="b7354d20-f768-47c3-9948-779afee14e9f" target="_blank">the Fed</a> will have to bring the Fed Funds rate to 6%, and then keep it there for an extended period to slow the economy and get <a href="https://ift.tt/WTr1IQ0" class="terms__secondary-term" id="ad51a5a2-1afc-4f42-9e62-ea6faf6f90fa" target="_blank">inflation</a> down to near 2%,"</li></ul><p>The Reuters report also adds:</p><ul><li>Goldman Sachs said in a note on Tuesday that it had raised its forecast for the so-called terminal rate by 25 basis points to a range of 5.5%-5.75%. </li></ul><p>(GS have added in a +25bp hike in July to its forecast to take their terminal rate projection higher). </p><p>--</p><p>The Federal Open Market Committee (FOMC) meet on March 21 to 22.</p> This article was written by Eamonn Sheridan at www.forexlive.com.

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