7 October 2022 | Other

Fed aims for 4.5%-4.75% interest rate by the beginning of 2023

As the Fed officials are concerned about the high growth rate of core inflation, given the rate of interest rate hike, the rate is expected to rise to 4.5-4.75% by the spring. That's according to the Federal Reserve Bank of Chicago CEO Charles Evans.

At Thursday's Illinois Chamber of Commerce meeting, Evans also noted the need to monitor core inflation, as it's what's causing most of the concerns among officials.

At the Fed's previous policy meeting in September, the interest rate was raised for the third time by 0.75 percentage points. Current rate is 3.25%. It’s expected that the rate could be increased by 1.25 percentage points before the end of the year.

Company MarketCheese
Period: 16.11.2026 Expectation: 5700 pips
Invest in GBPUSD up to 1.38700
Yesterday at 10:10 AM 31
Period: 31.10.2026 Expectation: 1300 pips
Selling AUDCAD from 0.9890
Yesterday at 08:51 AM 20
Period: 16.11.2026 Expectation: 280 pips
Buy Brent crude with $106.15 in view
Yesterday at 08:51 AM 18
Period: 31.10.2026 Expectation: 500 pips
Go short on AUDUSD due to anemic labor market in Australia
15 October 2026 57
Period: 15.11.2026 Expectation: 6000 pips
USDJPY sell-off targets 152.00
15 October 2026 75
Period: 15.11.2026 Expectation: 265 pips
Sell ETHUSD upon breaking $2,350 support
15 October 2026 53
Go to forecasts