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Federal Reserve interest rate decision: 25 bps rate hike to 5.25-5.50%

Federal Reserve interest rate decision: 25 bps rate hike to 5.25-5.50%
25 bps rate hikeeconomic activity has been expanding at a moderate pace (vs modest pace prior)Repeats forward guidance that refers to "the extent of additional policy firming that may be appropriate"No other changes to the statementThis statement is virtually identical to the prior one, save for the shift to a 'moderate' pace of growth from 'modest'. I thought the Fed may change the line that "inflation remains elevated" to indicate some progress but it's the same.The implicit signal here is tha... Read More
Posted: Jul 26 2023, 18:00
Author Name: forexlive
Views: 092091

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