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MNI: FOMC RAISES FED FUNDS RATE TARGET 75BPS TO 3%-3.25%

MNI
(MNI) WASHINGTON


MNI: FOMC RAISES FED FUNDS RATE TARGET 75BPS TO 3%-3.25%

FED SEES MEDIAN 4.4% RATE END-2022 VS 3.4% IN JUNE

FED SEES MEDIAN 4.6% RATE END-2023 VS 3.8% IN JUNE

FED SEES MEDIAN 3.9% RATE END-2024 VS 3.4% IN JUNE

FED SEES MEDIAN 2.9% RATE END-2025

FED SEES 2.5% LONGER RUN RATE, SAME VS JUNE

FED REVISES INFLATION, UNEMPLOYMENT FORECASTS HIGHER

FED REPEATS ONGOING RATE INCREASES WILL BE APPROPRIATE

FED: FORECASTS 4.4% PEAK UNEMPLOYMENT RATE 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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