What the FED did on the 15th June 2022 Madness
10 Takeaways from June 2022 FOMC
1. Fed Hikes 75bp, Biggest Move Since 1994 Cash rate 1.75%
2. Powell Next Meeting Could be Another 50bp or 75bp Hike
3. One Dissent for Smaller 50bp Hike (George)
4. Interest Rate Forecast Raised to 3.4% from 1.9% = Rate hikes at every meeting
5. Inflation Forecast Raised to 5.2% for 2022 from 3.4%
6. Growth Forecast Lowered to 1.7% for 2022 from 2.8%
7. Unemployment Rate Forecast Raised to 3.7% for 2022 from 3.5%
8. Projections Show Rate Cuts Begin 2024
9. Fed Doesn’t Know How Restrictive Policy Needs to Be
10. Powell Expects Soft Landing Because Spending & Labor Market are Strong
Madness
