• Home
  • Politics
  • Sports
  • Trending
  • Entertainment
  • Book Reviews
  • Login
  • Register
Clever Read.
Advertisement
ADVERTISEMENT
No Result
View All Result
  • Home
  • Politics
  • Sports
  • Trending
  • Entertainment
  • Book Reviews
No Result
View All Result
Clever Read.
No Result
View All Result
Home World

FOMC Meeting 2023: Fed raises policy rates by 25 bps; Continued increases in the “appropriate” target range to achieve 2% inflation

Clever Read by Clever Read
February 2, 2023
in World
0
FOMC Meeting 2023: Fed raises policy rates by 25 bps; Continued increases in the “appropriate” target range to achieve 2% inflation
14
SHARES
283
VIEWS

FOMC Meeting 2023: Fed raises policy rates by 25 bps; Continued increases in the “appropriate” target range to achieve 2% inflation


FOMC meeting 2023: The US Federal Reserve on Wednesday raised interest rates by 25 bps, to a range of 4.50-4.75 percent. The decision was taken during the Federal Open Market Committee (FOMC) meeting that began on Tuesday, January 31, 2023. The meeting ended on February 1, after which Fed Chairman Jerome Powell held a press conference.

Tomorrow at 2:30 p.m. ET: Chair Powell hosts live #FOMC press conference: https://t.co/1uJrua5Yif pic.twitter.com/99opJIslvV

— Federal Reserve (@federalreserve) January 31, 2023


Although relatively stable at the moment, US markets were trading mixed. The Nasdaq Composite rose 1.50 percent and the S&P 500 rose 0.77 percent, with the Dow 30 recovering from early losses to trade at 34,081.20.

The 12-member panel slowed the pace of interest rate hikes, a glimpse of which was seen in December monetary policy, where the US Federal Reserve raised interest rates by 50 bps, bringing the range to 4.25-4.50 percent, in line with the Street. expectations.
Powell indicated at the time that the Fed could consider raising interest rates by 75 bps by 2023.

FOMC Policy Decision – Full Text
“Recent indicators point to moderate growth in spending and output. Job gains have been strong in recent months, and the unemployment rate has remained low. Inflation has eased somewhat, but has risen. Russia’s war against Ukraine is causing enormous human and economic hardship. Contributing to heightened global uncertainty. Committee on Inflation Risks is more focused. The Committee seeks to achieve maximum employment and inflation at a rate of 2 percent over the long term. In support of these goals, the Committee decided to raise the target range. The federal funds rate from 4-1/2 to 4-3/4 percent.”

“The Committee expects that continued increases in the target range will be appropriate to achieve a stance of monetary policy that is sufficiently accommodative to return inflation to 2 percent over time.”

 

“In determining the size of future increases in the target range, the Committee will take into account the overall tightening of monetary policy, the impact of monetary policy on economic activity and inflation, and economic and financial developments.”

“In addition, the Committee will continue to reduce its holdings of Treasury securities and agency debt and agency mortgage-backed securities, as described in its previously announced plans.”

 

“The Committee remains committed to returning inflation to its 2 percent target. In assessing the appropriate stance of monetary policy, the Committee will continue to monitor the implications of incoming information for the economic outlook. The Committee will be prepared to adjust the stance. (Further) -2- Appropriate monetary policy should risks emerge that impede the achievement of the Committee’s objectives. ”

 

“The committee’s assessments take into account a wide range of information, including readings on labor market conditions, inflationary pressures and inflation expectations, and financial and international developments.”

Previous Post

Developers are getting upset due to Google’s slowness on Play Store

Next Post

Budget 2023: Income tax changes for middle class

Clever Read

Clever Read

Related Posts

Confessions of a One-Time Crony Capitalist: Welfare State under Attack
Book Reviews

Confessions of a One-Time Crony Capitalist: Welfare State under Attack

by Clever Read
February 15, 2025
How Israeli Military Tracked And Killed Hamas Chief Yahya Sinwar In Gaza
World

How Israeli Military Tracked And Killed Hamas Chief Yahya Sinwar In Gaza

by Clever Read
October 18, 2024
Justin Trudeau’s Big Admission Amid India-Canada Diplomatic Showdown
World

Justin Trudeau’s Big Admission Amid India-Canada Diplomatic Showdown

by Clever Read
October 17, 2024
Trudeau Doubles Down On Charges After India-Canada Diplomatic Showdown
World

Trudeau Doubles Down On Charges After India-Canada Diplomatic Showdown

by Clever Read
October 15, 2024
Maldives President’s Diplomatic U-turn, Special Appeal For Indian Tourists
World

Maldives President’s Diplomatic U-turn, Special Appeal For Indian Tourists

by Clever Read
October 7, 2024
Next Post
Budget 2023: Income tax changes for middle class

Budget 2023: Income tax changes for middle class

ADVERTISEMENT

Premium Content

Karnataka 2nd PUC Results 2023 Live: Results at karresults.nic.in, link here

Karnataka 2nd PUC Results 2023 Live: Results at karresults.nic.in, link here

April 21, 2023
Excerpts with Pratibha James, author of Your Sonnet for The Day (Clever Fox Publishing)

Excerpts with Pratibha James, author of Your Sonnet for The Day (Clever Fox Publishing)

November 14, 2022
Women’s Panel Demands Arrest Of Man For “Lewd” Comment On Captain Anshuman Singh’s Widow

Women’s Panel Demands Arrest Of Man For “Lewd” Comment On Captain Anshuman Singh’s Widow

July 11, 2024

Browse by Category

  • Accident
  • army
  • Astrology
  • Authors Interview
  • Book Fair
  • book launch events
  • Book Reviews
  • Business
  • coffee Table
  • Cooking
  • crime
  • defense
  • education
  • election
  • Entertainment
  • Fashion
  • Fiction & Literature
  • Food
  • Health
  • Hybrid publishing
  • indian army
  • Lifestyle
  • No Tobacco
  • Parenting & Children
  • Poetry
  • Politics
  • pr
  • rocket launch
  • Self Help
  • self publishing
  • Social media trends
  • Sports
  • startup
  • Technology & Media
  • Travel
  • Trending
  • Wildlife
  • World

Browse by Tags

#bestbookpublisher #bookdisplay #bookfair #booklaunch #bookreaders #BookRecommendation #BookReview #bookreviews #booksmantra #bookspublisher #cleveratNDWBF2024 #CleverReads #cricketnews #Cricket Team #hybridbookpublisher #NDWBF2024 #publisher #sciencefiction #selfbookpublisher authors book bookpublisher book publisher in india book review books Business children's book author Children book publisher in India self-publish cleverfoxpublishing cleverread Cricket cricket and sports crime education Hybrid Publishing-Clever Fox India Indian cricketer political news politician Politics self book publisher in India self publishing sports trending news trending story
Pakistan Urges India to Reconsider Indus Waters Treaty Suspension Amid Mounting Water Crisis
Trending

Pakistan Urges India to Reconsider Indus Waters Treaty Suspension Amid Mounting Water Crisis

by Clever Read
May 15, 2025
0

Indus Waters Treaty: In a significant diplomatic development, Pakistan has officially urged India to reconsider its recent decision to suspend...

Read more
PM Modi Debunks Pakistan’s Claims by Visiting S-400 at Adampur After Operation Sindoor

PM Modi Debunks Pakistan’s Claims by Visiting S-400 at Adampur After Operation Sindoor

May 14, 2025
Maharashtra SSC 10th Results 2025 Declared Today: Online Access from 1 PM at mahahsscboard.in

Maharashtra SSC 10th Results 2025 Declared Today: Online Access from 1 PM at mahahsscboard.in

May 13, 2025
I Want to Go Home: A Journey of Writing and Chanting Navkar Mantra (English language)

I Want to Go Home: A Journey of Writing and Chanting Navkar Mantra (English language)

May 12, 2025
CBSE Results 2025: Class 10, 12 Scores to Be Announced Soon on DigiLocker and Official Websites

CBSE Results 2025: Class 10, 12 Scores to Be Announced Soon on DigiLocker and Official Websites

May 12, 2025
Clever Read

Get the latest information on news, trending topics, books, and social media trending reels.

© 2022 Cleverread - Clever Fox Publishing.

No Result
View All Result
  • Home
  • Books
    • Book Reviews
    • Trending
    • Astrology
    • Business
    • Fiction & Literature
    • Parenting & Children
    • Self Help
    • Cooking
  • Entertainment
  • Social Media Trends
  • PR
  • Interviews
  • News
  • Contact us
  • About us

© 2022 Cleverread - Clever Fox Publishing.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?