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The Fed against the world
The Fed pushed back with a hawkish 50 bps rate hike yesterday but markets weren't interested in listening - at least for the most part. In terms of projections, we saw a lower growth forecast and higher rates via the infamous dot plots (as per below). Meanwhile, Fed chair Powell reaffirmed that the tightening cycle will continue and that rate cuts will only be considered "if there is confidence that inflation is moving down to 2%".
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Posted: Dec 15 2022, 05:28
Author Name: forexlive
Views: 110713