![]() The market’s take, for now according to the CME FedWatch Tool is that the Fed’s September and December meetings will almost certainly hold interest rates steady. For now, the Fed’s comments have overwhelming stressed the need to tame inflation, but if the jobs market weakens as inflation cools, then that emphasis could shift. The Fed also wants to avoid the risk of a job-destroying recession. ![]() The Fed wants to make sure excessive inflation is gone. Now, with CPI inflation running at a 3.7% headline annual rate for August 2023 and the jobs market showing some early signs of softness on August data, there’s more of a balance between the Fed’s two main objectives. Since 2021 the primary focus has been on bringing down surging inflation, while the job market has generally held up well. The Fed targets controlling inflation and maintaining full employment. In addition, 3 weeks after each meeting, the meeting minutes will be released. The September and December meetings will also include release of the Fed’s economic projections, including projections for interest rates. Each meeting will be followed by a press conference from Jerome Powell 30 minutes after the rate announcement. The remaining Federal Reserve decisions on interest rates for 2023 will be announced on September 20, November 1 and December 13, with each decision announced at 2 pm ET at the end of a two-day meeting of Fed officials. ![]() Markets currently anticipate that the September and December meetings will hold rates steady. Of these, November’s is likely to be the most significant and may see an interest rate increase. The Federal Reserve has three scheduled meetings remaining in 2023. With three meetings remaining for the Fed in 2023, November is likely to be the most significant meeting, (AP Photo/Seth Wenig)Ĭopyright 2023 The Associated Press. Fed chairman Jerome Powell’s news conference is displayed on the floor at the New York Stock … Exchange in New York.
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