Fed expected to project no rate hikes through end of 2023
by Greg Robb
The Federal Reserve is expected to signal on Wednesday that its interest-rate policy will remain unchanged and close to zero through the end of 2023.
For the first time, the Fed will release its economic projections for 2023. Economists expect the Fed’s “dot plot” to show that most officials think rates will remain at 0.125%.
“It’s looking like rate hikes are going to be a 2024 story, at the earliest,” said Michael Gregory, deputy chief economist at BMO Capital Markets.
The Fed will release a policy statement at 2 p.m. Eastern on Wednesday. Powell will hold a press conference a half hour later.