#Fed raises interest rates for 1st time in 3yrs to fight inflation by 25bps to 0.25-0.50% as expected, forecasts 6 more hikes in 2022. Median dot-plot forecast for the federal funds rate at the end of 2024 is 2.75%. So, that’s an overshoot of the neutral 2.375% (cut from 2.5%). h/t Holger Zschaepitz
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