FOMC tomorrow, expect another rate hike (0.75 or 1 % ?)


The ‘Dot plot’ projections – the Fed offer their individual forecasts for where they see the fed funds rate in the years ahead. The current median projection for 2022 and 2023 is 3.38% and 3.8% respectively – One suspects these will lift to 3.9% (2022) and 4.1% (2023), just under current market pricing.

(Pepperstone)


Jim Lewis ⚒ @Galactic_Trader

At a 6% interest rate, monthly mortgage for a $500K home is 40% higher compared to 1 year ago.

Payment doubles at 10% interest.