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Federal Open Market Committee (FOMC) response - Fed Funds peak is in, 1st cut in March '24

The Federal Reserve hiked its Fed Funds again on Wednesday:Forexlive Americas FX news wrap 26 Jul: Fed raises rates by 25 bps to 5.5%. 22-year high.Via Westpac (in brief), their assessment:FOMC to assess policy one meeting at a timeWith the downside risks to growth now believed to be as significant as inflation's potential upside, the FOMC are beginning to look beyond the tightening cycle.There is nothing in July’s meeting communications to dissuade us from the view that the 5.375% rate reached... Read More

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Posted: Jul 26 2023, 23:46

Author Name: forexlive

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