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Federal Reserve:Meetings/2023 March 22: Difference between revisions
Federal Reserve:Meetings/2023 March 22 (view source)
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== Meeting Results == | == Meeting Results == | ||
The FED decided to do a rate hike of 0.25 bps, to raise the target range for the federal funds rate to 4.75% to 5%.<ref>https://www.federalreserve.gov/monetarypolicy/files/monetary20230322a1.pdf</ref> | The FED decided to do a rate hike of 0.25 bps, to raise the target range for the federal funds rate to 4.75% to 5%.<ref>https://www.federalreserve.gov/monetarypolicy/files/monetary20230322a1.pdf</ref> | ||
The FED's new projections show the same terminal rate as before at 5.1% in 2023, and a bit higher at 4.3% in 2024. | |||
<u>Assessment:</u> The fed recent data and release makes for the scenario that they will continue with their plan to keep rates higher for as long as they can, with no rate cuts in 2023, giving the inflation problem the priority at the moment. | |||
The markets continue to be skeptical of this result, pricing more than 1 rate cut in 2023. | |||
=== Notes === | === Notes === | ||