The Fed maintained Fed Funds Rate target unchanged at 5.25-5.50% as widely anticipated, but surprised hawkishly with clearly more optimistic projections. Median growth forecasts were revised higher for 2023-2024, warranting a 50bp upward revision to both 2024 & 2025 median rate projections. We remain more pessimistic on the economic outlook, and make no changes to […]

The post Fed Review: Upbeat on Growth appeared first on Action Forex.