🇺🇸 FMIC
The Fed's new expectations chart shows that 12 of 18 officials expect another 25 basis point hike by the end of the year, taking rates to 4.125%, while four believe rates will reach 4.375%.
This signal of tight monetary policy extends well beyond 2026: 14 officials believe that rates will be above the current level by the end of 2027, while the median forecast for 2028 is 3.9%, compared to 3.4% expected.
The long-term rate has also risen to 3.2%, suggesting that officials are increasingly believing that neutral rates have increased.😮 $BTC
The Fed's new expectations chart shows that 12 of 18 officials expect another 25 basis point hike by the end of the year, taking rates to 4.125%, while four believe rates will reach 4.375%.
This signal of tight monetary policy extends well beyond 2026: 14 officials believe that rates will be above the current level by the end of 2027, while the median forecast for 2028 is 3.9%, compared to 3.4% expected.
The long-term rate has also risen to 3.2%, suggesting that officials are increasingly believing that neutral rates have increased.😮 $BTC