FOMC holds, no hurry to move down
The FOMC members all agreed on a hold today, but JBWere’s Sally Auld says the tone will be disappointing for those hoping for a March rate cut.
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Thursday 1st February 2023
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At the FOMC today a unanimous decision was made to keep rates on hold, but there was suggestion that they’d be cutting rates anytime soon. JBWere’s Sally Auld says this will dent the optimism of those hoping for a lower rate in March. Australia’s inflation numbers yesterday are also unlikely to change the stance of the RBA next month. The Bank of England meets later today – three of the nine board members voted for a hike last time.
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