“Divergent Views Amongst Fed Officials on Interest Rates”
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The Federal Reserve’s impending rate increase has resulted in differing opinions from officials. According to the SEP report, two FOMC members believe that the current rate level of 5.25% is sufficient to end the hike cycle, while four officials believe that an additional 0.25% increase would be beneficial, and the remaining 12 officials foresee at least two more increases of 0.25%. It’s possible that Powell belongs to the first group, as his press conference appeared more cautious than the FOMC statement and SEP. [/s2If]
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