We were right again! The Fed skipped again – Fed Funds target rate stays at 5.25 – 5.50%

The Federal Reserve decided to leave its target rate for fed funds unchanged at a range of 5.25% – 5.50%. Inflation is still far off and above the Fed’s 2% target and this decision does not represent a pause in the rate hike cycle yet but rather a “skip” to slow down the pace of rate hikes. The Federal Reserve’s future actions will depend on various factors, and the markets will be paying close attention to Fed Chairman Powell’s press conference for further insights.

Sven Franssen