8th Meeting Of FOMCmas
Summary
- The 8th FOMC meeting of the year brought about faster tapering and a more hawkish Fed.
- The dot plot chart signaled that there could be as many as 3 rate hikes in 2022.
- Supply chain disruptions are still with us as the holiday season and year come to a close, but the outlook is bright in 2022.
In the 8th FOMC meeting, Chair Powell gave to us…
- -12.8% drop in consumer sentiment…
- 11 votes for tapering…
- 10 year Treasury yield rising…
- 9.6% PPI growth…
- 8.1% increase in exports…
- $70 per oil barrel…
- 6.8% inflation…
- 5.0% PCE price index…
- 4.8% wage growth…
- 3 rate hikes next year (projected)…
- 2.2 million long-term unemployed…
- And a hot, post-pandemic economy…
Merry Christmas!
Chart of the Week
The Federal Reserve has been busy decorating for Christmas with their dot plot projections. Several FOMC members are expecting to see multiple rate hikes in 2022.
The Week Ahead
We hope everyone has a safe and relaxing holiday week and Christmas. The 2022 outlook may be clouded by inflation uncertainty and supply chain crises, but a continuation of the recovery is likely.
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