In Very “Hawkish Hold,” Fed Keeps Rates at 5.50% Top of Range, Sees One More Hike in 2023, Only Two Rate Cuts in 2024, to 5.25%. QT Continues
Downvote
The shocker was the infamous “dot plot”: Higher for even longer, ending the year 2024 at 5.25%.
The FOMC kept its five policy rates unchanged today, with the top of its policy rates at 5.50%, after the rate hike at its prior meeting in July. Various Fed governors have had broadly telegraphed this move in recent weeks. The Fed has hiked by 525 basis points so far in this…
This story from wolfstreet.com was posted on 2023-09-20 by @sunbeam.