Fed FOMC Statement and Highlights of Chairman Powell's Press Conference


2023-03-23: [Chinese Article Link] FOMC states: The Fed announced a rate hike of 25 basis points, raising the federal funds rate target range to 4.75 -5, the highest level since October 2007. The IPC concluded that "some additional policy tightening may be appropriate," removing the wording that a sustained rate hike might be appropriate.


Note: This is a machine translated version of the Chinese news media article. A mature and nuanced reading is suggested.

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Fed FOMC Statement and Highlights of Chairman Powell's Press Conference


2023-03-23: [Article Link] FOMC states: The Fed announced a rate hike of 25 basis points, raising the federal funds rate target range to 4.75 -5, the highest level since October 2007. The IPC concluded that "some additional policy tightening may be appropriate," removing the wording that a sustained rate hike might be appropriate.

Note: This is a translated version of the Chinese news media article. A mature and nuanced reading is suggested.