8/17/2023 0 Comments Next fed meeting 2022 june![]() ![]() The Fed also said that there will be no change to its ongoing plan to reduce the size of its balance sheet (currently $95 bln per month), which was first unveiled in May 2022. ![]() This increase raises the rate further into ‘restrictive’ territory (anything above 3 percent). The Fed hiked by another 75 basis points in November and pushed the Fed Funds window to 3.75 – 4.00 percent. However, as the impact of the rate hikes seen in 2022 continue to weigh on the economy, The Conference Board forecasts that a recession is likely to begin around the end of the year and run three quarters. Businesses should expect interest rates to continue to rise, but at a slower pace. ![]() Looking ahead, Powell said that the window for a soft landing is continuing to diminish because inflation is not coming down.
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