Know The Difference Minute

The Federal Open Market Committee won’t tell you what they will do because they don’t even know 

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Connecting the dots
Welcome to the Know the Difference Minute for Thursday, September 21st.
Yesterday, the Federal Open Market Committee left its target rate unchanged. Are they finally on hold? Probably. They won’t tell you what they will do because they don’t even know. However, a growing number of Fed officials are signaling they they’ve hiked enough. For those who think they need to do more, they’re only indicating one more hike.
At every other meeting the Fed releases their famous dot plots. These are guesses about how different economic variables like unemployment and inflation will evolve, and how the Fed should then react to those variables.
The big news was that while the Fed believes they’re closer to the end of hikes than they did last time they showed their dots, they hope they can hold rates high for longer. Life happens, things evolve, and their plans will change.
I’m Brian Jacobsen, Chief Economist at Annex Wealth Management. That is your Know the Difference Minute.