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Fed's message on rate hold for 'some time' clashes with 2023 rate-cut bets

They're also likely to signal another 50 basis points of tightening next year, according to economists, and an expectation that once they reach that peak, they'll stay on hold through all of 2023

Craig Torres and Liz Capo McCormick | Bloomberg |Bloomberg
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Fed's message on rate hold for 'some time' clashes with 2023 rate-cut bets

6 min read Last Updated : Dec 12 2022 | 8:32 AM IST
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Federal Reserve Chair Jerome Powell has history on his side as he and colleagues split with Wall Street over how long interest rates will stay high in 2023. After the fastest tightening of monetary po

Topics :Jerome PowellFederal ReserveFed rate hikesUS economyUS recessionfinanceWall Streets

First Published: Dec 12 2022 | 8:26 AM IST

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