The Fed Just Got Rid of Forward Guidance Because It's Making It Up As It Goes

The Fed Just Got Rid of Forward Guidance Because It’s Making It Up As It Goes

SGT Report - 2022-07-29 - Original post - Cached copy

by Ryan McMaken, Mises Institute: The Federal Reserve’s Federal Open Market Committee announced Wednesday it is raising its key policy rate—the federal funds rate—by 75 basis points to 2.5 percent. According to the FOMC’s press release, the committee recognizes that economic activity is declining, but that CPI inflation also “remains elevated”: Recent indicators of spending and production […]

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