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Investment Insights • MFN

FOMC September Meeting

Yesterday’s Federal Open Market Committee (FOMC) meeting saw the Federal Reserve stay on hold, as had been widely anticipated. However, the hawkish tone in the post-FOMC meeting press conference was a surprise, as were changes to the Fed’s outlook over the next few years. In this Macro Flash Note, Daniel Murray reviews the meeting and the associated projection materials. One interesting observation is that there is a widening gap starting to emerge between the median and average forecast for the longer run fed funds rate.

Daniel Murray

3 min read
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