Graham Stephan, relaying another source: Fed policy rate will rise

Said on Jun 14, 2023, at 8:46 in the video.

What was said
Graham Stephan

@grahamstephan

“they've projected to raise rates another two-quarter percentage points before the end of the year bringing us to A 5.6 federal funds rate in just the next six months”
Watch at 8:46THE FEDERAL RESERVE JUST FLIPPED | Major Changes Explained
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 14, 2023
−2%0%2%4%6%2020202120232024Said on Jun 14, 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

to know as of a few hours ago the Federal Reserve stated that they would pause or skip the rate hike for the month of June marking the end of the last 10 consecutive rate hikes that we've seen since early 2022 however keep in mind that this doesn't mean we're in the clear entirely because as Jerome Powell emphasized they're ready to raise rates again if inflation doesn't show signs of slowing down and as they've signaled there could be more coming throughout the rest of the year for example as it stands right now they've projected to raise rates another two-quarter percentage points before the end of the year bringing us to A 5.6 federal funds rate in just the next six months obviously this was not priced in and higher interest rates would continue to put downward pressure on the markets but it is a very clear signal that we're likely to see another rate hike in July and probably another one in September at least until it's clear that all inflation is beginning to go down for anyone wondering this is why the stock market reacted so negatively within seconds of the report being announced fortunately though a slight pullback isn't anything out of the ordinary and we should begin to see

What a person said is shown in their own words and is never translated. The link goes to the exact second in the video.

See all