TD Securities: Expects the Federal Reserve to initiate three interest rate hike cycles starting from September

Strategists at TD Securities expect the Federal Reserve to initiate the first of three interest rate hikes in September, with the following two hikes scheduled for October and January of next year. The forecast adjustment is based on the higher than expected August CPI in the United States, and strategists believe that the Federal Reserve's dot matrix should be skewed towards an eagle. (Source: Federal Reserve)