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Noodleface00 t1_j1kyygx wrote

Reply to comment by d_HOME in Feds meeting schedule 2023 by whicky1978

Jerome Powell said even when they stop rate hike they going to keep rate at 5.1% till 2024

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Neerko_bat t1_j1ljbg4 wrote

Wait, did you actually Listen to what daddy JPow was saying? That means you're one of the smarterst WSB users.

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nyse125 t1_j1lm7gj wrote

Some of us actually read the SEP but all 11 members' aggregate suggests 4.6% in 2023 and 3.9% in 2024. Not bullish in the slightest either.

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Unknownirish t1_j1lxq1h wrote

I actual listen to jpow religiously and he seems stance on no rate cuts until he feels like it folks

want the year? 2025

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wsbSIMP t1_j1mi5z4 wrote

This info is outdated though.

The new dot plot has most of the votes for 5%+ terminal rate for 2023. Some have 5.25 and others just 5.1

Source

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nyse125 t1_j1mnfxv wrote

No I'm talking about the September projection

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Hacking_the_Gibson t1_j1m1or6 wrote

They are going to break something before then.

The layoffs in white collar jobs are going to accelerate and then comes defaults.

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viperex t1_j1q3vo0 wrote

How long they hold it there will depend on the target inflation the Fed wants to reach. The question is will JPow hold to that 2% target or will he settle for higher? Some talking heads say he should look at up to 4%

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