Important notes from FED:

🔹️ The FED rate ceiling is expected to be 5.5%-5.75% by the end of 2023.
(i.e., there is still room to raise.)
🔹️ Moderate rate of economic growth.
🔹️ Keeping rates at the same level allows the impact of the QE (lag) to be assessed.
🔹️ Additional rate hikes possible
🔹️ Rates are expected to decline in 2024.
🔹️ The Fed's balance sheet will continue to shrink as part of the previously announced plan.
🔹️ It made sense to moderate the pace of rate hikes as we got closer to our target
🔹️ We haven't made a decision on July (marketd are waiting for a hike)

Next FED interest rate decision is expected after the July 25-26 meeting.
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