(ANSA) - ROME, DECEMBER 14 - The Federal Reserve, as expected, raised the target rate on the Fed Funds by half a point, bringing it to a range between 4.25 and 4.5%.
The US central bank expects the US economy to grow by 0.5% in 2023 and 1.6% in 2024. Inflation, in median estimates, is slowing to 3.1% next year and 2.5% % in 2024. The current pace of interest rate hikes "will remain appropriate" for the Fed, and it estimates that Fed Funds rates will peak at 5.25% in 2023. central bank.
The value above 5.25% is decidedly higher than the main market estimates.
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