At 2.30pm ET on Wednesday, February 1, the Fed will announce their first decision of 2023 for the Federal Funds rate. An increase of 0.25 percentage points, taking rates to 4.50-4.75% is firmly expected. Yet, the market will want clues for future decisions and will likely get some at the press conference, if not in the written statement.
A 0.25 percentage point hike would represent continued tapering from larger increases in 2023 as the Fed gets close to maximum rates for this cycle and inflation fears begin to ease…
Image by ❄️♡💛♡❄️ Julita ❄️♡💛♡❄️ from Pixabay
