What Are Rates Doing?

A very short article that opines on the fact at this point in time that the Fed will not likely lower the Federal Funds Rate as previously predicted by many prognosticators. The good news? The participants (the Federal Reserve Governors) “…judged that the policy rate was likely at its peak for this tightening cycle.” So likely no more rate increases. But any hint at multiple rate decreases coming soon were dashed by minutes citing persistent inflation as being the driver in going ‘low and slow’ relative to rate decreases.
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