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What to expect from this week’s Fed meeting
The Federal Reserve is expected to hold its benchmark lending rate steady this week as it waits for more data to understand how previous rate hikes are affecting the US economy. The central bank raised rates to a 22-year high in July. At the conclusion of its two-day policy meeting on Wednesday, the Fed is also set to release a fresh set of economic projections that will likely reflect stronger economic growth and slightly lower unemployment this year, compared with previous estimates. Officials’ new economic projections will likely show at least one more rate hike this year. There seems to be a consensus among Fed ... (full story)
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- Posted: Sep 19, 2023 12:50pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 3,757
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