Summary of today’s FOMC meeting: More Hikes, No Cuts
by Player896 February 1, 2023 – Raises rates by 25 bps to 4.50-4.75% The economy and labor market cannot fully work without 2% inflation and price stability. Ongoing increases are appropriate and the committee does not see rate cuts this year. Will continue to significantly reduce the balance sheet and maintain a restrictive stance for some time. Currently in … Read more