Federal Reserve:Meetings/2023 November 1
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See also: Federal Reserve | Federal Reserve:Meetings/2023 September 20
FED Decision
“In assessing the appropriate stance of monetary policy, the Committee will continue to monitor the implications of incoming information for the economic outlook. The Committee would be prepared to adjust the stance of monetary policy as appropriate if risks emerge that could impede the attainment of the Committee’s goals,”
- FOMC maintained the target range for the fed funds rate at 5.25%-5.50% as was widely expected by the market.[1]
- The statement said that economic activity expanded at a strong pace in the third quarter and that “labour gains have moderated since earlier in the year but remain strong.”
- The committee maintained that they will continue to rely on incoming data in their monetary decisions.
Notes
Market Expectations
Markets are expecting a pause in november with a 97% probablity, and a pause in december with 69% probability. A cut is expected to come until June/July 2024. [2]