FOMC Signals Rates Unchanged Through At Least 2023 Despite GDP Forecast Upgrade

Fed does not see inflation rising above 2.0% in 2023...

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Fed upgraded the 2020 GDP forecast from -6.5% to -3.7% but downgraded the out-years...

  • 2021 from 5.0% to 4.0%
  • 2022 from 3.5% to 3.0%
  • 2023 sees at 2.5%

As @knowledge_vital sums up succinctly,

"Fed is very, very inline.Fed was v dovish, and stays v dovish.  For nitpickers, you could make the case the QE language (which stays vague) and the hawkish dissent (Kaplan) are negatives"

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