More than expected hawkish remarks 😮

The highlight of the meeting was ultimately the dot plot and the SEP (Summary of Economic Projections), both of which were decidedly hawkish, far exceeding market expectations.

1. Another rate hike is expected in 2023. On 12/19, Fed members supported another rate increase, while 7 others supported no more rate increases.

2. The median interest rates in 2024 and 2025 both increased by 50 basis points (5.1% and 3.9% respectively), significantly higher than market expectations.

3. Real GDP is revised up from 1.0% to 2.1% in 2023 and from 1.1% to 1.5% in 2024.

4. The unemployment rate is revised down from 4.1% to 3.8% in 2023 and from 4.5% to 4.1% in 2024.

#加息 #GDP #失业率 #利率 #鹰派