FOMC Hikes Funds Rate 25 BP For First Time In 3 Years To 3.75-4.0% Range
– Warsh: Strong Economy, High Inflation Made FOMC ‘Remove Dose of Accommodation’ – Warsh: Rate Hike Should Ensure ‘Timelier Return’ to Fed’s 2% Inflation Target – Warsh Refuses to ‘Prejudge’ Future FOMC Actions; No ‘Forward Guidance’ – FOMC Participants Project Funds Rate At 4.1% end ‘26; 4.1% end ‘27; 3.9% End ‘28 – PCE Inflation […]
FOMC: Raises Fed Funds Rate By Quarter Point As Expected; Dots Suggest One More Rate Hike
WASHINGTON (MaceNews) – The following is the extremely brief policy statement by the Federal Open Market Committee Wednesday afternoon: The Federal Open Market Committee approved the following statement for release by a 12 – 0 vote: The Committee decided to raise the target range for the federal funds rate by 1/4 percentage pointto 3-3/4to 4 […]