3,882
edits
Federal Reserve:Meetings/2023 May 3: Difference between revisions
no edit summary
No edit summary |
|||
| Line 1: | Line 1: | ||
== Meeting Results == | |||
In a unanimous decision widely expected by markets, the central bank’s Federal Open Market Committee raised its benchmark borrowing rate by 0.25 percentage point.<ref>https://www.cnbc.com/2023/05/03/fed-rate-decision-may-2023-.html?__source=androidappshare</ref> | |||
The increase takes the fed funds rate to a target range of 5%-5.25%, the highest since August 2007. | |||
The document omitted a sentence present in the previous statement saying that “the Committee anticipates that some additional policy firming may be appropriate” for the Fed to achieve its 2% inflation goal. | |||
== Market Expectations == | == Market Expectations == | ||