The Feds raise interest rates by 25bps, but there’s no inflation. Just ask Joe. He’ll tell you the economy is great. The Feds say the banking system is sound and resilient even though the FDIC is thinking of eliminating the $250,000 cap on insured deposits.
The Feds want maximum employment and inflation at 2%. Additional rate increases might be coming.
The Feds are also pumping a $300 billion loan into the economy while we have inflation.
The Fed raised rates 25 bps
The decision was unanimous
The terminal rate projection is unchanged at 5.1%
FOMC statement modifies guidance: “The committee anticipates that some additional policy firming may be appropriate.” pic.twitter.com/HUMdU1TaTQ
— Nick Timiraos (@NickTimiraos) March 22, 2023
The FED needed to raise the rate at least 1%.
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