Fed expected to slow rate hiking to a quarter point but will stay unrelenting in inflation battle
Publishing timestamp: 2023-01-31 17:00:12
Summary
The Federal Reserve is expected to raise interest rates by a quarter point on Wednesday, its smallest increase since it began hiking rates last March. Market pros are expecting Fed Chair Jerome Powell to sound hawkish, meaning he will lean toward tighter policy and keeping interest rates high. Powell is focused on keeping inflation down and his legacy will be determined by whether he succeeds in doing so. The Fed is expected to raise interest rates to 4.50% to 4.75%, and Powell is expected to push back on financial conditions. Futures show investors expect the Fed to reverse policy and cut rates by the end of 2023.
Sentiment: NEUTRAL
Keywords: wall street, earnings, s&p 500 index, u.s. 10 year treasury, stock markets, jerome powell, market insider, economy, business news, markets, interest rates,
Source: https://www.cnbc.com/2023/01/31/the-federal-reserve-is-likely-to-hike-rates-by-a-quarter-point.html