FOMC strikes a hawkish tone, but future rate hikes could be pared to 25bps

Economic Insights by Nationwide · Dec 15, 2022 · 16m

In their final meeting of the year, the FOMC remains focused on controlling inflation and announced yet another rate increase. But this time, the rate increase was only half a point. What does this tell us about the state of inflation and the economy? Are the rate increases starting to have the impact that the Fed was hoping for? Will we see rates continue to increase next year, and if so - how much higher? [NFM-20130AO.60]