FOMC Raises Fed Target rate to 5.25% to 5.5% in July 2023 meeting.
FOMC Raises Fed Target rate to 5.25% to 5.5% in July 2023 meeting.
Powell speaks in 30 minutes.
I think this was the expectation, but Powell's speech always causes the market to swing wildly. Lets see what happens.
Very expected, hopefully they're done. I suspect this is to cover their butts for when inflation month-to-month goes up a bit, which is likely given that core cpi is higher than headline inflation.