Preface Yesterday the FOMC raised the target Federal Funds interest rate by 0.25% (25bps). The Fed’s summary of economic projections (SEP) showed several key elements: » GDP growth will slow - this is consistent with prior SEPs. » The year end target Fed Funds rate (dot plot) remained at about 5.1%, with still 7 out of 18 participants forecasting 5.25% or higher by year end.
Daily Economics - FOMC Remains Hawkish; Jobless Claims Remain Low; Building Permits Revised Higher
Daily Economics - FOMC Remains Hawkish…
Daily Economics - FOMC Remains Hawkish; Jobless Claims Remain Low; Building Permits Revised Higher
Preface Yesterday the FOMC raised the target Federal Funds interest rate by 0.25% (25bps). The Fed’s summary of economic projections (SEP) showed several key elements: » GDP growth will slow - this is consistent with prior SEPs. » The year end target Fed Funds rate (dot plot) remained at about 5.1%, with still 7 out of 18 participants forecasting 5.25% or higher by year end.