The financial markets are penciling in a quarter-point increase to the benchmark federal funds rate at today’s Federal Open Market Committee (FOMC) policy meeting.
Here is a snapshot of what investors expect:
Looking ahead, the futures market does not see the Fed easing monetary policy until December.
But there is one man urging the U.S. central bank to cut interest rates: Twitter and Tesla Motors CEO Elon Musk.
Fed needs to drop the rate by at least 50bps on Wednesday
— Elon Musk (@elonmusk) March 21, 2023
It should be a fun post-FOMC meeting news conference too!
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