Fed Unfiltered, Weekly Report: 2/27/23
Page(s): 1
Quick Overview
- 25bps still most likely, although 50bps on the table.
- Terminal rate is 5.25%, might be moving to 5.50%.
- Rate cuts are forecasted for 2024 (not for 2023).
Amidst all the uncertainty, one thing is certain – the Fed Funds rate is going up. A few weeks ago, Jerome Powell mentioned how the disinflationary process (increasing rates to lower inflation) is “probably going to be bumpy”.
Since that comment was made …