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"Instant Answers" For Wednesday's Decision


We will be running "Instant Answers" for the Fed decision at 1400ET/1900UK on Wednesday. We'll publish the answers to these questions on our website Bullets and Bloomberg Bullets Feeds (e.g. MNBP2) shortly after the speech text is released. The questions that we have selected are as follows (note one change in a 2023 Dot Count question vs our FOMC Preview):

  • Federal Funds Rate Range Maximum
  • Interest Rate Paid on Reserve Balances (IORB)
  • Offering rate on reverse repurchase agreement operations (ON RRP)
  • Median Projection of Fed Funds Rate at End of 2022 %
  • Median Projection of Fed Funds Rate at End of 2023 %
  • Median Projection of Fed Funds Rate at End of 2024 %
  • Longer Run Projection of Fed Funds Rate %
  • Number of 2022 dots > 3.875%
  • Number of 2022 dots > 4.125%
  • Number of 2023 dots > 4.375% [Previously was looking for > 4.625%]
  • Does the FOMC say it needs to see "clear and convincing evidence"/"compelling evidence" that inflation is easing?
  • Does the FOMC describe future policy as needing to be "restrictive”?
  • Does the FOMC say it will be "patient" in determining future rates adjustments?
  • Does the FOMC indicate it will accelerate balance sheet reduction above what was announced in May?

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