The Federal Open Market Committee meetings represent critical junctures where monetary policy decisions directly impact employment outcomes and economic stability. Our team closely analyzes meeting statements, press conferences, dot plots, and economic projections to assess the Fed's approach to its dual mandate of maximum employment and price stability.
FOMC Meetings
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The Fed will hold, but will still probably not want to talk too much about 2024.
The Fed will leave its target range for the Federal Funds Rate at 5.25%-5.50%. The big news between the last meeting and this is the large raise in long yields, which has several committee members thinking that there will be less need to hike.
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Growing, Slowing, Stabilizing. The economy is continuing to grow, but more slowly, and with fewer higher-order cycles and bullwhips swinging things around. Hiring remains strong, but has fallen from its recovery peak.
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