The Fed pledges to keep rates higher for longer
Fed hikes 75 bps and sees key rate up another 100 bps to around 4.4% by end of 2022; It also sees it stuck up at 4.6% by end of 2023 and 3.9% by end of 2024, which is much more hawkish than most think
TLDR: The world’s most important central bank just forecast significantly higher interest rates for another couple of years to try to win back its reputation for keeping inflation low.
The US Federal Reserve’s very hawkish view this morning is now much tougher than most investors, traders and economists think. Global stocks initially fell and then bounc…
Listen to this episode with a 7-day free trial