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Fed: Instant Answers: Hikes 25bps, To Determine Extent Of Firming

FED
(MNI) WASHINGTON
  • Federal Funds Rate Range Maximum: 5.25%
  • Does the FOMC change the phrase "anticipates that some additional policy firming may be appropriate"? YES
    • If yes, does the FOMC remove the reference to additional firming? NO. "In determining the extent to which additional policy firming may be appropriate to return inflation to 2 percent over time, the Committee will take into account the cumulative tightening of monetary policy, the lags with which monetary policy affects economic activity and inflation, and economic and financial developments."
  • Does the FOMC refer to future "adjustments" in interest rates? NO
  • Does the FOMC say it intends to hold rates at the current level for some period of time? NO
  • Does the FOMC say policy will need to stay restrictive for some period of time? NO
  • Does the FOMC end or reduce the pace of QT? NO
  • Number of dissenters: 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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