US FED MEET 2023: Shrinking rate hikes expected in first FOMC meeting of 2023
Zee Business Video Team | Updated: February 1, 2023 05:37 am
The US Federal Reserve will announce their first decision of 2023 on Feb 1. In 2022, the central bank had raised interest rates to over 4.25% from near zero levels in its fight against stubbornly high inflation. Market participants expect Fed Chief Jerome Powell to raise the benchmark federal funds rate by 25 bps, to a target range of 4.50% to 4.75%.