Analyst tips a slump in the economy will delay the first FOMC rate hike until June 2022

Capital Eco says the Federal Reserve on Wednesday was more hawkish than anticipated..

And this will "boost speculation that the Fed could begin raising interest rates as soon as the mid-March" meeting.

Analysts at CapEco go on to say they expect the first hike to be delayed until June 2022, citing:

• "on balance, we expect that renewed weakness in the economy will convince officials to delay the lift-off date"

Earlier:

• Analyst tips a surge in Omicron will delay the first FOMC rate hike until May 2022

• BoA expect the Federal Reserve to hike in March 2022
• ForexLive Americas FX news wrap: Huge reversal in markets despite hawkish Fed