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FED:"Instant Answers": 75bp and Fed SEP Shows Terminal Rate at 3.8%

FED
  • Federal funds rate range maximum: 1.75%
  • Dissenters: YES, ONE
  • Number of dissenters favoring a smaller rate hike: ONE, Esther George
  • Number of dissenters favoring a larger rate hike: ZERO
  • Median  projection of fed funds rate at end of 2022: 3.4%
  • Median projection of fed funds rate at end of 2023: 3.8%
  • Median projection of fed funds rate at end of 2024: 3.4%
  • Median projection of longer run fed funds rate: 2.5%
  • Number of 2022 dots > 2.875%: 18
  • Number of 2022 dots > 3.125%: 13
  • Number of 2023 dots > 3.375%: 16
MNI Washington Bureau | +1 202-371-2121 | jean.yung@marketnews.com
MNI Washington Bureau | +1 202-371-2121 | jean.yung@marketnews.com

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