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TechFlow News, September 22 — The Federal Reserve announced a 75-basis-point rate hike, raising the benchmark interest rate to a range of 3.00%-3.25%. According to the Fed's FOMC economic projections, the median forecasts for core PCE inflation at the end of 2022, 2023, 2024 are 4.5%, 3.1%, and 2.3% respectively (previous June projections were 4.3%, 2.7%, 2.3%), with the 2025 end-of-year core PCE inflation forecast median at 2.1%.
The Federal Reserve announced a 75-basis-point rate hike, raising the benchmark interest rate to the range of 3.00%-3.25%. According to the Fed's FOMC economic projections, the median forecasts for core PCE inflation at the end of 2022, 2023, 2024 are 4.5%, 3.1%, and 2.3% respectively (June projections were 4.3%, 2.7%, 2.3%), and the median forecast for core PCE inflation at the end of 2025 is 2.1%.
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