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MNI: FOMC RAISES FED FUNDS RATE 25 BPS TO 4.75%-5%

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(MNI) WASHINGTON


MNI: FOMC RAISES FED FUNDS RATE 25 BPS TO 4.75%-5%

FED: 'SOME ADDITIONAL POLICY FIRMING MAY BE APPROPRIATE'

FED: WILL LIKELY SEE TIGHTER CREDIT CONDITIONS, UNCERTAIN

FED: TIGHTER CREDIT WILL WEIGH ON GROWTH, HIRING, PRICES

FED: MEDIAN FED FUNDS RATE 5.1% IN 2023; 4.3% IN 2024

FED: 10 OUT OF 18 OFFICIALS SEE YEAR-END RATE AT 5.1%

FED: 7 OFFICIALS SEE AT LEAST 50 BPS MORE 2023 TIGHTENING

FED: GDP FORECASTS LOWERED TO 0.4% IN 2023, 1.2% IN 2024

FED: INFLATION FORECASTS SLIGHTLY HIGHER IN 2023, 2024

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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