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Fed stands pat, but projections three more hikes this year, on stronger growth and core inflation
Fed keeps interest rate unchanged at 5.00-5.25% as widely expected, by unanimous vote. The new economic projections are rather hawkish, with 2023 median rate projections raised to 5.6% (three more 25bps hikes). GDP growth and core PCE inflation were revised higher while unemployment rate was revised lower. FOMC leaves the door open for more tightening, […] The post Fed stands pat, but projections three more hikes this year, on stronger growth and core inflation appeared first on Action Forex...
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Posted: Jun 14 2023, 18:13
Author Name: actionforex
Views: 112684