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November FOMC Meeting – Doom & Gloom?

03 Nov 2022 : 00:53
Updated : 08 Nov 2022 : 00:54
3 min read

The FOMC announced another whopping 75bps (0.75%) rate hike, taking the Fed rate up to 375-400bps. This was in line with market expectations – the interesting part came with the statement:

In determining the pace of future increases in the target range, the Committee will take into account the cumulative tightening of monetary policy, the lags with which monetary policy affects economic activity and inflation,

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