Link: https://mishtalk.com/economics/dot-plot-show-fed-anticipates-more-hikes-in-2023-to-4-50-percent
Graphic:
Excerpt:
Hikes Come Hell or High Water?
- The Fed participants have a median expectation of 4.25 to 4.50 percent for the end of 2022
- That’s another 1.25 percentage points more this year.
- The Fed then anticipates one more hike in 2023 to 4.50 to 4.75 percent.
I have to admit that a year ago I did not foresee this. But here we are.
The key question is not where we’ve been but where we are headed. I Highly doubt the Fed hikes another 1.25 percentage points this year or gets anywhere close to 4.50 to 4.75 percent in 2023.
Author(s): Mike Shedlock
Publication Date: 21 Sept 2022
Publication Site: Mish Talk