The Fed has emphasized the importance of maintaining higher interest rates for an extended period to bring inflation back to its 2% target. This stance has raised market expectations for at least one more 25-basis-point rate hike by the end of the year.
Additionally, the Fed's "dot plot" now indicates only two rate hikes in 2024, down from the previous projection of four rate hikes.
Additionally, the Fed's "dot plot" now indicates only two rate hikes in 2024, down from the previous projection of four rate hikes.
