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FED: "Instant Answers:" Fed Leans Toward Another Hike, Two Cuts In '24

FED
  • Federal Funds Rate Range Maximum: 5.5%
  • Does the FOMC change the phrase "In determining the extent of additional policy firming that may be appropriate"? NO
  • Does the FOMC say it is "holding rates steady at this meeting"? NO
  • Does the FOMC say it is holding rates steady without referring to "this meeting"? N/A
  • Number of dissenters on size of rate move: ZERO
  • Median Projection of Fed Funds Rate at End of 2023: 5.6%
  • Median Projection of Fed Funds Rate at End of 2024: 5.1%
  • Median Projection of Fed Funds Rate at End of 2025: 3.9%
  • Median Projection of Fed Funds Rate at End of 2026: 2.9%
  • Median Longer Run Projection of Fed Funds Rate: 2.5%
  • Number of 2023 dots < 5.625%: SEVEN
MNI Washington Bureau | +1 202-371-2121 | evan.ryser@marketnews.com
MNI Washington Bureau | +1 202-371-2121 | evan.ryser@marketnews.com

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