This is a syndicated repost courtesy of Online Course Notes For Financial Markets and Banking. To view original, click here. Reposted with permission.
As expected, The Federal Reserve raised their target rate (upper bound) to 2%.
However, they actually left the interest on excess reserves steady at 1.75%.
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At the same time, the US Treasury 10Y-2Y slope flattened to below 40 basis points, the lowest since 2007.
Now for the Fed Dots Plot.
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