"The FOMC’s updated projections reflect much greater concern over hot wage growth readings recently than relief at moderating inflation. With the median committee member anticipating a 5.1 percent fed funds rate at the end of 2023, we are likely to see 25-basis point hikes at each of the next two meetings. However, if at that point price pressures are still ratcheting down, Fed officials are likely to hit the pause button on rate hikes earlier than they currently anticipate." - NAFCU Chief Economist and Vice President of Research Curt Long
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Author: Mike LawsonMarried to a most gorgeous and wonderful wife, raising 5 kiddos (including twins!), enjoy helping others tell their stories, and love surfing SoCal waves. Keep it simple. Archives
May 2024
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