“ Minutes of the Federal Open Market Committee: June 13–14, 2023,” Pages 3–7.īoard of Governors of the Federal Reserve System. “ Federal Funds Effective Rate.”īoard of Governors of the Federal Reserve System. “ Consumer Prices Up 9.1 Percent Over the Year Ended June 2022, Largest Increase in 40 Years.”įederal Reserve Economic Data (FRED), Federal Reserve Bank of St. “ Surveillance Special: Powell Takes the Sting Out of ‘Super Hawkish’ Skip.” “ Summary of Economic Projections: June 14, 2023,”.

“ Federal Open Market Committee: Transcripts and Other Historical Materials.”īoard of Governors of the Federal Reserve System. “ Federal Open Market Committee: FAQs: What Is the Summary of Economic Projections?”īoard of Governors of the Federal Reserve System. “ Federal Open Market Committee: About the FOMC.”īoard of Governors of the Federal Reserve System. “ Here’s Everything the Federal Reserve Is Expected to Do Wednesday.”īaron's ' News from the FOMC policy statement and interest-rate decision, as well as Chairman Jerome Powell's press conference.'īoard of Governors of the Federal Reserve System. ' Federal Reserve Meeting: Fed Leaves Rates Unchanged.'ĬNBC. “ Federal Open Market Committee: Meeting Calendars, Statements, and Minutes (2018–2024).” This was largely expected, as this move gives the Fed additional time to evaluate if the current rates are managing to keep inflation at bay without hampering economic growth.īoard of Governors of the Federal Reserve System. Some Fed watchers remain concerned about more interest rate increases due to risks of bank failures, stock market instability, and global economic uncertainty.ĭuring the most recent FOMC meeting in September, interest rates held stead at 5.25%-5.50%.The consensus among market experts suggests that the Fed may introduce one more 25-basis-point rate hikes this year to moderate inflation to the Fed’s 2% target.Despite the pause in June, most analysts predicted the quarter-point rate hike at the July meeting, given the Fed’s commitment to maximum employment and price stability.The FOMC raised interest rates to 5.25%–5.50% at the July 2023 meeting, marking 11 rate hikes this cycle aimed at curbing high inflation.The Federal Open Market Committee (FOMC) held rates steady during their most recent meeting in September 2023.

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