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FOMC Meeting Results
Dr. Ed Seifried, Chief Economist and Strategic Adviser at BNK Advisory Group, shares excerpts from the official published FOMC meeting statements in his published statement below.
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FOMC Meeting Results, December 2022
Federal Open Market Committee (FOMC) Meeting Results
The Fed increased its Target Fed Funds rate by 0.5%. The new Fed Funds Target range is now 4.25-4.50%.
Similar to the Nov. 1-2, 2022 meeting, this meeting’s vote was unanimous!
The FOMC, which began to shrink its securities portfolio on June 1, 2022, announced it will continue reducing its holdings of Treasury securities and agency debt and agency mortgage-backed securities, as described in the Plans for Reducing the Size of the Federal Reserve's Balance Sheet that it announced at the May 2022 FOMC meeting.
The Committee emphasized that it is strongly committed to returning inflation to its 2% objective.
FOMC Meeting Results, November 2022
Federal Open Market Committee (FOMC) Meeting Results
The Fed increased its Target Fed Funds rate by 0.75%. The new Fed Funds Target range is now 3.75%-4.00%.
Similar to the September 2022 meeting, this meeting’s vote was unanimous!
The FOMC, which began to shrink its securities portfolio on June 1, 2022, announced it will continue reducing its holdings of Treasury securities and agency debt and agency mortgage-backed securities, as described in the Plans for Reducing the Size of the Federal Reserve's Balance Sheet that it announced at the May 2022 FOMC meeting.
The Committee emphasized that it is strongly committed to returning inflation to its 2% objective.
FOMC Meeting Results, September 2022
Federal Open Market Committee (FOMC) Meeting Results
The Committee emphasized that it is strongly committed to returning inflation to its 2% objective.