Fed Predicts More Rate Hikes in 2023 - APEX Financial Group/Mount Vernon Investments

KEY POINTS

Fed minutes released Wednesday indicated that officials are prepared to move ahead with multiple 50 basis points interest rate increases.
In addition, the Federal Open Market Committee said policy may have to move past “neutral” and into “restrictive” territory.
The minutes indicate that members are hopeful they can bring down inflation, but also concerned about financial stability risks.

Are more rate hikes in the works? According to the Fed minutes, rate hikes will happen sooner than expected in an attempt to curb inflation.💸 CNBC has the details : Learn more

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