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BlogsFederal Reserve hikes rates by 25bps to 5.00-5.25% as expected, opens door to rate hike pause, drops language it anticipates more policy firming may be appropriate to attain sufficiently restrictive stance
US ISM N-Mfg PMI (Apr) 51.9 vs. Exp. 51.8 (Prev. 51.2)Fed Chair Powell says focus remains on dual mandate, we are committed to bringing inflation back down to 2%

Darren Krett

Wednesday 3 May 2023

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Federal Reserve hikes rates by 25bps to 5.00-5.25% as expected, opens door to rate hike pause, drops language it anticipates more policy firming may be appropriate to attain sufficiently restrictive stance

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