The U.S. Federal Reserve is expected to announce a decision to raise rates 0.25-percentage-points at 2pm E.T. on Wednesday, May 3. Interest rate futures and recent comments by Fed decision-makers have largely confirmed that outcome. Any other rate decision would surprise markets.
However, the bigger question is what follows at future Fed meetings in 2023. Financial markets fear a looming recession and see the Fed cutting rates in response, however the Fed have signaled that they intent to hold the line with high rates until inflation is clearly beaten.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased