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Review: The Fed Hikes Rates by 25bps And Signals The Beginning of A Pause, While Retaining a Hawkish Bias

by Brunello Rosa and Nato Balavadze

3 May 2023

In this paper, we discuss:

• The FOMC's latest assessment of the US economy;
• What Fed announced in May and could go ahead given the ongoing banking crisis;
• How the economy has evolved compared to March's SEP forecasts; and
• The market implications of all the above.

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Download PDF: Fed Flash Review - May 2023

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