🇺🇸 Key takeaways from July's #FOMC meeting:

✔️ Fed raised interest rates by 25 bps to 5.25%~5.5%, the highest level since February 2001.

✔️ Chairman Powell stated no rate cuts expected this year.

✔️ Several FOMC members anticipate rate cuts next year.

✔️ September rate hike possible if data supports it. No decisions made on future meetings yet.

✔️ Rates could be reduced while Quantitative Tightening continues.

✔️ No recession predicted by the team.

✔️ According to FedWatch, there's a 35.5% probability of another rate increase before November. First rate cut projected for March 2024.

#Fed #InterestRates #EconomicOutlook #RateHike #MonetaryPolicy