June 15, 2022 18:00 GMT
FED:"Instant Answers": 75bp and Fed SEP Shows Terminal Rate at 3.8%
FED
(MNI) Washington
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- 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
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