Coin Bureau, relaying another source: Fed policy rate will rise

Said on Jun 21, 2023, at 5:21 in the video.

What was said
Coin Bureau

@coinbureau

“it appears that the markets dipped when the SCP was released and this is probably because these so-called Dot Plot revealed that most fed officials see interest rates Rising by another 0.5 percent or 50 basis points by the end of the year”
Watch at 5:21MORE RATE HIKES Coming?! Everything That The Fed Said!!
PredictionFed policy ratewill riseby Dec 31, 2023
What happened
Relayed

Somebody else's forecast — not scored

The window it was checked over

Fed policy rateWindow checkedRecession (NBER)
−2%0%2%4%6%202020212022202320232024Said on Jun 21, 2023
−2%0%2%4%6%2020202120232024Said on Jun 21, 2023

Federal funds target range, upper limit: Federal Reserve Board via FRED, figures as first published. The shaded span is the window the call was checked over; grey bands are recessions.

Result at every window

All windows are shown, so none is picked

Somebody else's forecast — not scored

What was said around it

part of its dual mandate the other part being that two percent inflation if unemployment continues to rise it could mean a recession and a difficult decision for the Fed it was against this backdrop that Jerome took the stage last Wednesday for the fed's post-meeting press conference it's important to point out that the FED also published a summary of economic projections or SCP now an SCP is provided after every other fed meeting and shortly before the fed's press conference it appears that the markets dipped when the SCP was released and this is probably because these so-called Dot Plot revealed that most fed officials see interest rates Rising by another 0.5 percent or 50 basis points by the end of the year this was a revision hire compared with the previous SCP a surprise oddly enough the market started to recover when Jerome began his opening speech this was odd because Jerome's speech was hawkish indicative of further rate hikes he started by saying that the FED is committed to Bringing inflation back down to its two percent Target he then acknowledged that it has raised interest rates significantly over the last year and has also been selling assets from its balance sheet which

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