16 December 2022
The Fed Expects A Further FFR Hike of Above 5% In 2023
The Fed expects a further FFR hike of above 5% in 2023, raising fears of a recession going further and lasting for a long period. Adding to the global recession fears, BoE and ECB continued their upward trend in interest rates, rising 50 Bps to 3.50% and 2.50%, respectively.