The Fed's Latest Inflation Outlook Offers Wall Street Its First Relief in Months
The FOMC says things aren't as miserable as they look, seem, or feel on the surface.
The Fed's Latest Inflation Outlook Offers Wall Street Its First Relief in Months
Overview
Interest rates are likely headed higher later this year. That's the chief takeaway from the Federal Reserve's most recent public assessment of the United States' economy, anyway.
In its projection of key economic numbers released on Wednesday, the Federal Open Market Committee (FOMC) indicated it expects the federal funds rate to reach 3.8% (a range of 3.75% and 4%, to be specific) versus the current target range of 3.5% to 3.75%, up from March's full-year projection of 3.4% (3.25% to 3.5%). And data from interest rate futures exchange CME says the market's now making the same bet, with that quarter-point rate hike expected more than not by the end of September.
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Originally published at www.fool.com.
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