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MNI: FED HOLDS RATES AT 5.25%-5.5%; SEES 1 MORE HIKE

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MNI: FED HOLDS RATES AT 5.25%-5.5%; SEES 1 MORE HIKE

TWELVE MEMBERS SEE ONE MORE '23 HIKE, SEVEN WANT PAUSE

FOMC MEDIAN RATE PROJECTION FOR 2023 UNCH AT 5.6%

FOMC MEDIAN RATE PROJECTION FOR 2024 RISES 50BPS TO 5.1%

FED: JOB GAINS SLOWED, REMAINS STRONG; INFLATION ELEVATED

FOMC MEDIAN RATE PROJECTION FOR 2025: 3.9%

FOMC MEDIAN RATE PROJECTION FOR 2026: 2.9%

FOMC MEDIAN U-RATE PROJECTION PEAKS AT 4.1% IN '24-'25

FOMC MEDIAN '23 GDP PROJECTION REVISED UP TO 2.1%

FOMC MEDIAN '23 CORE PCE PROJECTION REVISED DOWN TO 3.7%

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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