FOMC Minutes: Interest rates seem to be at or near peaks

Pablo Piovano FXStreet

According to the FOMC Minutes:

Members generally perceived the inclusion of the word "any" in remarks about potential additional firming as a way to convey their assessment that rates were probably at or close to the peak of the cycle.
According to the projections, nearly all participants indicated that their baseline suggested a lower federal funds rate would be suitable by the conclusion of 2024.
Additionally, several participants noted that situations could justify maintaining the policy rate at its current level for a longer duration than their current expectations.

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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