Credit Suisse jumps on the four-Fed hikes bandwagon

Credit Suisse revises US forecasts

• Now sees four Fed hikes this year versus 3 prior
• Forecasts US GDP at 3.1% in 2018 and 2.4% in 2019 based on budget stimulus
• Higher US growth offset by higher US deficit, righter financial conditions, faster Fed hike path

The market is pricing only about a 15% chance of four hikes