Liquidity Rising
Mar 24, 2023
• 8
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Dovish Fed Statement
On Wednesday, the Federal Reserve raised the target Fed Funds rate range by 25 basis points (BPS), marking the ninth increase in just over a year. The FOMC statement hinted at a nearing end to rate hikes by removing the reference to "ongoing increases."
According to the FOMC's updated forecast, there will be one more rate increase this year, and officials expect slower economic growth in 2023 compared to previous estimates. The market generally responded well to this information, with major equity indices and cryptoassets remaining mostly unchanged immediately after...Finish reading this report for free
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