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MNI Fed Review - Mar 2022: Hawkish Liftoff

EXECUTIVE SUMMARY:

  • The FOMC delivered an unequivocally hawkish message at the March meeting.
  • Powell’s comments and the projections emphasized a significant shift in the Fed’s thinking on inflation risks.
  • While the economic projections depict a “soft landing”, market pricing of potential rate cuts by 2024 suggests scope for a policy error.

FOR FULL PDF ANALYSIS PLEASE USE THE FOLLOWING LINK:

FedReviewMar2022.pdf


Source: Federal Reserve, MNI

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