by Amruth Sundarkumar | Dec 15, 2022 | U.S. Federal Reserve Bank
The US Federal Reserve hiked the policy fed funds range by 50bp as expected to 4.25-4.5% in the December meeting, with a unanimous vote. The decision to hike by 50bp follows four consecutive 75bp hikes. As compared to the September meeting projections, the Fed now...
by Amruth Sundarkumar | Sep 22, 2022 | Macroeconomic news, U.S. Federal Reserve Bank
FOMC Statement and Summary of Economic Projections (SEP) details: Hiked its benchmark interest rate by 75bp with the fed funds target range now at 3.00-3.25% Recent indicators point to modest growth in spending and production End-2022 median dots now at 4.4% vs. 3.4%...
by Amruth Sundarkumar | Jun 16, 2022 | Macroeconomic news, U.S. Federal Reserve Bank
The US Federal Reserve hiked its fed funds policy range by 75bp to 1.5-1.75% with Chairman Jerome Powell indicating that another hike of 50-75bp is likely in July. The rate hike magnitude was the biggest increase in any meeting since 1994. Powell added, “Clearly,...
by Amruth Sundarkumar | May 5, 2022 | U.S. Federal Reserve Bank
The Federal Reserve hiked its policy rate by 50bp, as expected by market participants, bringing the fed funds target range to 0.75%-1%. This was its largest single rate hike in over two decades. The move comes on the back of inflation hitting 40Y highs, at 8.5% YoY in...
by Amruth Sundarkumar | Mar 17, 2022 | U.S. Federal Reserve Bank
The US Federal Reserve hiked its policy rate by 25bp, the first hike since 2018. Details of the changes in its policy stance vs. the previous FOMC meeting in December are given below.
by Amruth Sundarkumar | Dec 16, 2021 | U.S. Federal Reserve Bank
The US Federal Reserve continued its more hawkish stance in their December policy meeting, both in terms of accelerating its tapering and increasing its median dot plots. The table below summarizes the FOMC meeting statement with the latest Dot Plot given below it....
