Inflation

The FOMC met on October 31st and November 1st to discuss the state of the economy and determine the future of monetary policy.

The FOMC met this week to discuss the future of interest rates. Committee members also released updated economic projections.

As the Fed continues to implement a quantitative tightening program, businesses should understand the possible implications.

At the July meeting, FOMC members voted to raise the Fed funds rate once again – bringing it to the highest level since 2001.

The FOMC chose not to raise the Fed funds rate at June’s meeting, but updated projections signal additional policy firming ahead.

At the meeting held May 2nd and 3rd, FOMC members voted to raise the Fed funds rate for the 10th time since the pandemic.

Both FOMC members and market pundits indicate that the Fed may be nearing the end of the current tightening cycle.

FOMC members voted to increase the Fed Funds Rate target once again, as turmoil in the banking sector continues.

The FOMC held its first meeting of 2023 on January 31 and February 1. At the meeting, committee members slowed rate increases.

The economy and business outlook changed dramatically in 2022. This year, many of those challenges are expected to continue.