Highlights from the Fed’s Meeting
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Yesterday’s Fed meeting covered expectations of a 5.5%-5.75% Fed rate ceiling by the end of 2023, moderate economic growth, and the need to keep rates steady to assess monetary policy impact. There is potential for an additional rate increase, while rate cuts are expected in 2024. The Fed will continue to shrink their balance sheet in line with their previously announced plan. [/s2If]
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