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FED: Instant Answers: Fed Hikes 50bp and Pencils In 5.1% Rate Peak In 2023

  • Federal Funds Rate Range Maximum: 4.5%
  • Median Projection of Core PCE inflation at End of 2023: 3.5%
  • Median Projection of Fed Funds Rate at End of 2023: 5.1%
  • Median Projection of Fed Funds Rate at End of 2024: 4.1%
  • Median Projection of Fed Funds Rate at End of 2025: 3.1%
  • Median Longer Run Projection of Fed Funds Rate: 2.5%
  • Number of 2023 dots < 4.875%: ZERO
  • Number of 2023 dots > 4.875%: 17
  • Number of 2023 dots > 5.125%: 7
  • Number of 2023 dots > 5.375%: 2
  • Does the FOMC change the phrase "anticipates that ongoing increases in the target range will be appropriate”?: NO
MNI Washington Bureau | +1 202-371-2121 |
MNI Washington Bureau | +1 202-371-2121 |

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