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FED: "Instant Answers:" All Fed Officials Backed 25BP At March Meeting

FED
  • How many participants backed a 25 bp hike in March? ALL. "Against this backdrop, all participants agreed that it was appropriate to raise the target range for the federal funds rate 25 basis points to 4.75 to 5 percent."
  • How many participants said no change in rates would be appropriate in March? NONE. "Several participants noted that, in their policy deliberations, they considered whether it would be appropriate to hold the target range steady at this meeting."
  • How many participants said a 50 bp hike would be appropriate in March? NONE. "Some participants noted that given persistently high inflation and the strength of the recent economic data, they would have considered a 50 basis point increase in the target range to have been appropriate at this meeting in the absence of the recent developments in the banking sector."
MNI Washington Bureau | +1 202-371-2121 | evan.ryser@marketnews.com
Energy BulletsCommodities
MNI Washington Bureau | +1 202-371-2121 | evan.ryser@marketnews.com
Energy BulletsCommodities

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