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FED: "Instant Answers:" Fed Pauses But Indicates Two More 25BP Hikes

FED
  • Federal Funds Rate Range Maximum: 5.25%
  • Does the FOMC change the phrase "in determining the extent to which additional policy firming may be appropriate"? NA. "Holding the target range steady at this meeting allows the Committee to assess additional information and its implications for monetary policy. In determining the extent of additional policy firming that may be appropriate to return inflation to 2 percent over time, the Committee will..."
    • If yes, does the FOMC remove the reference to additional firming? NO
  • Does the FOMC refer to future "adjustments" in interest rates? NO
  • Median Projection of Fed Funds Rate at End of 2023: 5.6%
  • Median Projection of Fed Funds Rate at End of 2024: 4.6%
  • Median Projection of Fed Funds Rate at End of 2025: 3.4% 
  • Median Longer Run Projection of Fed Funds Rate: 2.5% 
  • Number of 2023 dots > 5.125%: 16
  • Number of 2023 dots > 5.375%: 12 
  • Number of dissenters favoring a looser rates policy: ZERO
  • Number of dissenters favoring a tighter rates policy: ZERO
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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