FOMC Removes “Bias” To Tighten, but Don’t Expect Imminent Easing

Summary As universally expected, the voting members of the FOMC decided unanimously at their meeting today to make no changes to the Fed’s policy stance, keeping the fed funds target range at 5.25-5.50% and maintaining the current pace of quantitative tightening. The FOMC also removed its implicit “bias” to tighten further. That is, the Committee […]

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