ALEX Intelligence: Expect another 0.25% rate hike in March. ALEX Labs

ALEX Labs just released its analysis of the February Fed Meeting. “We expect another 0.25% increase in the Fed Rate at the March 21-22 Fed meeting” says Diane Hart Alexander, MBA, MHA, CEO Broker.

KEY INSIGHTS FROM CFO DIVE

• The Federal Reserve on Wednesday raised the federal funds rate by a quarter point, downshifting its aggressive monetary tightening amid several signs that the economy is slowing and inflation is steadily cooling.
  
• Policymakers, in a statement announcing the slight increase in the main interest rate to a range of 4.5% to 4.75%, said they expect that “ongoing increases in the target range [of the benchmark rate] will be appropriate.” The comment signals that Fed officials currently lean toward raising the federal funds rate again at their next two scheduled meetings in March and May.
  
• “While recent developments are encouraging, we will need substantially more evidence to be confident that inflation is on a sustained downward path,” Fed Chair Jerome Powell told a news conference on Wednesday. “We will stay the course until the job is done,” and inflation slows to the central bank’s 2% target.

FOR MORE INFORMATION
Diane Hart Alexander, MBA, MHA, Broker CEO
Alexander Tiffany Southwest dba ALEX.realestate
Chairman, ALEX Cares 
v 713.591.9902
o 713.918.9951
e diane@alex.realestate