Graham Stephan, relaying Federal Reserve: Fed policy rate will rise

Said on Dec 14, 2022, at 7:37 in the video.

What was said
Graham Stephan

@grahamstephan

“the Federal Reserve expects to extend the rate hikes into 2023 without dropping them back down see in September they projected to Target federal funds rate of 4.6 percent meaning we'd likely have one or two more raid hikes left and then we're done but now they've revised that upwards to 5.1 percent suggesting that we've still got a long ways to go”
Watch at 7:37THE FED JUST CRUSHED THE MARKET | Urgent Changes Explained
PredictionFed policy ratewill rise
What happened
Relayed

Attributed to Federal Reserve — not scored

The window it was checked over

Fed policy rateWindow checkedRecession (NBER)
−2%0%2%4%6%201920202021202220232024Said on Dec 14, 2022
−2%0%2%4%6%2019202120222024Said on Dec 14, 2022

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

Attributed to Federal Reserve — not scored

What was said around it

numbers that could mean absolutely nothing but in terms of the latest rate hikes and what Jerome Powell has to say here's what you need to know because a lot of this will have a direct impact on you so as far as what just happened as of a few hours ago the Federal Reserve started by reducing the rate hike to 50 basis points exactly as the market expected but the one piece of data the market didn't price in was the fact that the Federal Reserve expects to extend the rate hikes into 2023 without dropping them back down see in September they projected to Target federal funds rate of 4.6 percent meaning we'd likely have one or two more raid hikes left and then we're done but now they've revised that upwards to 5.1 percent suggesting that we've still got a long ways to go and that inadvertently caused the stock market to fall while it readjusted to some new information in addition to that the Federal Reserve also reduced their anticipated GDP from 1.1 percent growth in 2023 down to half a percent basically hinting that we could continue to see an economic contraction over the next 12 months however in the sea of the stock market turning red there is some good news in the fact that Jerome Powell

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