The Federal Open Market Committee (FOMC) announced on Wednesday that it left the benchmark interest rate, the target range for federal funds, unchanged at 0%-0.25% as widely expected. In its policy statement, the Fed noted that if progress continues toward employment and inflation goals broadly as expected, a moderation in the pace of asset purchases may soon be warranted.<\/p>\n\n\n\n
The US Federal Reserve’s updated Summary of Economic Projections revealed on Wednesday that half of the policymakers (9) see a lift-off in the fed funds rate from zero in 2022, compared to seven policymakers in June’s publication.<\/p>\n\n\n\n
<\/p>“Fed policymakers see first rate hike in 2022: median forecast in Summary of Economic Projections.”
“Half of Fed policymakers see lift-off in fed funds rate from zero in 2022, vs 7 of 18 in June forecast; all but one see liftoff by end-2023 (vs 13 in June).”
“Fed’s median view of fed funds rate at end-2022 0.3% (prev 0.1%).”
“Fed’s median view of fed funds rate at end-2023 1.0% (prev 0.6%).”
“Fed’s median view of fed funds rate at end-2024 1.8%.”<\/cite><\/blockquote>\n","protected":false},"excerpt":{"rendered":"The Federal Open Market Committee (FOMC) announced on Wednesday that it left the benchmark interest rate, the target range for federal funds, unchanged at 0%-0.25% as widely expected. In its policy statement, the Fed noted that if progress continues toward employment and inflation goals broadly as expected, a moderation in the pace of asset purchases …<\/p>\n","protected":false},"author":13,"featured_media":32924,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[4707,37,36],"tags":[6867,6874,7008,6871],"class_list":["post-51241","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-breaking-news","category-forex-markets","category-market-updates","tag-federal-reserve","tag-gold","tag-meeting","tag-usd"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/51241","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=51241"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/51241\/revisions"}],"predecessor-version":[{"id":51247,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/51241\/revisions\/51247"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/32924"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=51241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=51241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=51241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}