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MNI: FED RAISES RATES BY 75 BPS TO 1.5%-1.75% RANGE

FED
(MNI) WASHINGTON


MNI: FED RAISES RATES BY 75 BPS TO 1.5%-1.75% RANGE

FED'S GEORGE DISSENTS IN FAVOR OF 50 BP HIKE

FOMC SEES RATES AT 3.4% BY YEAR-END; 3.8% IN 2023

FOMC SEES RATES AT 3.4% IN 2024, 2.5% LONGER RUN

FOMC SEES UNEMPLOYMENT RISING STEADILY TO 4.1% IN 2024

FOMC REVISES DOWN GROWTH TO 1.7% IN 2022, 2023

FOMC REVISES INFLATION FCAST TO 5.2% IN 2022, 2.6% IN '23

FOMC: STRONGLY COMMITTED TO RETURNING INFLATION TO 2%

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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