FOMC REPORT #shorts

FOMC REPORT LIVE

The Federal Reserve is expected to raise the fed funds rate by 25 basis points to a range of 5%-5.25% during its May 2023 meeting, marking the 10th increase and bringing borrowing costs to their highest level since September 2007. Investors will closely monitor any indications that the Fed is nearing the end of its rate hike campaign, with many speculating that the central bank may even cut rates by year-end. Although inflation remains more than twice the central bank's target, it has been slowing down, and the economy is exhibiting signs of strain. The GDP growth in Q1 was significantly lower than anticipated, and the earnings season has shown a decline in earnings for a second consecutive quarter

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