Swiss Economicblogs.org
In line with expectations, the Fed raised rates at its last meeting. Chair Powell was keen to underline his “middle ground” approach to normalising monetary policy. We still expect 3 additional rate hikes in 2018.On 21 March, the Federal Reserve hiked rates by one quarter point, as widely expected, nudging the interest rate on excess reserves (IOER) to 1.75%.Chair Jerome Powell’s press conference and the accompanying material – in particular the forecasts for future rate hikes (the ‘dots’) –...
Read More »March Fed review – Mr. Middle Ground
