Fed Watch: Downshifting to Fifty
The Fed delivered another outsized rate hike at today’s FOMC meeting, but this time it was ‘only’ by 50 basis points. As a result, the Fed Funds trading range will end 2022 and begin the new year at 4.25%–4.50%. This week on the Basis Points podcast, Kevin Flanagan discusses what this means for the markets and what to expect from the Fed going into 2023.
Basis Point: 1/100th of 1 percent.
The skinny
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