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The projections accompanying the Fed meeting show that the committee members see interest rates rising from the current range of 5-5.25 per cent — the median projection for the federal funds rate is 5.6 per cent in 2023.
Funds rate unchanged at 5 to 5 1/4%. this after ten straight increases that started back in march of 2022 when rates were essentially 0. why are we seeing this pause? inflation is coming down. the economy is slowing. the banking turmoil, though, largely stabilized, still very fresh and the fed has hiked aggressively over the past year plus up until this point. rate hikes take time to settle into and impact the economy. central bankers here after that cpi print that we got yesterday showed the lowest pace of price increases in more than two years. after that, central bankers are feeling comfort...
Stocks & Bond Yields Tumble On 'Hawkish Pause'; Gold Gains As Crude Collapses 'Good' headline macro news (strong ADP and ISM Services beat) was somewhat…