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Fed stands pat, but projections three more hikes this year, on stronger growth and core inflation

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... Read More
Posted: Jun 14 2023, 18:13
Author Name: actionforex
Views: 112684

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