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FED Holds Rates At 5.25%-5.5%; Sees 1 More Hike

FED
  • MNI: FED HOLDS RATES AT 5.25%-5.5%; SEES 1 MORE HIKE
  • TWELVE MEMBERS SEE ONE MORE '23 HIKE, SEVEN WANT PAUSE
  • FOMC MEDIAN RATE PROJECTION FOR 2023 UNCH AT 5.6%
  • FOMC MEDIAN RATE PROJECTION FOR 2024 RISES 50BPS TO 5.1%
  • FED: JOB GAINS SLOWED, REMAINS STRONG; INFLATION ELEVATED
  • FOMC MEDIAN RATE PROJECTION FOR 2025: 3.9%
  • FOMC MEDIAN RATE PROJECTION FOR 2026: 2.9%
  • FOMC MEDIAN U-RATE PROJECTION PEAKS AT 4.1% IN '24-'25
  • FOMC MEDIAN '23 GDP PROJECTION REVISED UP TO 2.1%
  • FOMC MEDIAN '23 CORE PCE PROJECTION REVISED DOWN TO 3.7%

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