Flash Review: Fed Reduces The Pace of Rate Hikes, But Policy Is Yet “Not Restrictive Enough”

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Flash Review: Fed Reduces The Pace of Rate Hikes, But Policy Is Yet “Not Restrictive Enough”

By Brunello Rosa and Nato Balavadze

14 December 2022

In this paper we discuss:

• The Fed’s assessment of the US economy, labour market and financial conditions;
• What the Fed decided at its December monetary policy meeting and could do in coming months;
• How the Fed changed its economic outlook since the September macroeconomic projections; and
• The market implications of all the above.

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Download PDF: Fed Flash Review – December 2022

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