FOMC Minutes suggest a pause in June – UOB – by pabspiovano Fed InterestRate CentralBanks Banks
Senior Economist at UOB Group Alvin Liew comments on the latest release of the FOMC Minutes of the May gathering.“According to the latest FOMC minutes , while the Federal Reserve policymakers in its 2/3 May 2023 Federal Open Market Committee meeting, unanimously agreed to raise the Fed Funds Target Rate by 25-bps to 5.00%-5.25%, there was a lack of collective agreement on the next move.
rate cycle and a pause thereafter. We continue to expect no rate cuts in 2023, with the FFTR terminal rate at 5.25% to last through this year.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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