TAKE A LOOK-Outlook for Federal Reserve policy

The Federal Reserve raised its target interest rate by a quarter of a percentage point on Wednesday, yet continued to promise “ongoing increases” in borrowing costs as part of its still unresolved battle against inflation.

“Inflation has eased somewhat but remains elevated,” the U.S. central bank said in a statement that marked an explicit acknowledgement of the progress made in lowering the pace of price increases from the 40-year highs hit last year.

For more on the outlook for Fed policy, see below:

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RECENT STORIES

2/1 Fed delivers small rate hike, still anticipates ‘ongoing increases’ nL1N34G1YU

2/1 Fed’s Powell: No one should assume Fed can protect economy in debt default nW1N32Z00V

2/1 Powell: If economy meets expectations, unlikely to see rate cuts this year nW1N32Z00Y

2/1 Fed’s Powell: Prospect of U.S. soft landing remains alive nW1N32Z00X

2/1 Fed’s Powell: Possible fed could raise rates beyond December forecast nW1N32Z00T

2/1 Powell: will need substantially more evidence to be confident inflation on downward pathnW1N32Z00S

2/1 TEXT-Federal Open Market Committee statement Feb 1, 2023 nFOM1DEJ0B

2/1 INSTANT VIEW 4-Fed’s Powell says could raise rates beyond December, gives nod to disinflationnL1N34H2YB

2/1 Sooner or later, Fed may need technical tweaks for rate control toolkit nL1N34F28G

1/31 Fed officials see lots of room to shed bonds from balance sheet nL1N34B1XH

1/30 Fed’s words in focus as markets bet rate hikes will soon end nL1N3492K1

1/27 Fed seen ending rate hikes by March as inflation slows nL1N34C113

1/27 Federal Reserve rejects crypto-focused bank’s application to be supervised by FednL1N34C1JL

1/26 U.S. inflation roller coaster prompts fresh look at long-ignored money supplynL1N3492J0

ANALYSIS

2/1 Hawkish Fed could hobble volatility funds’ stock buying spree nL1N34G36E

12/22 Fed’s balance sheet drawdown could sunset next year nL1N33B1Q9

OPINION

2/1 BREAKINGVIEWS-Bottling U.S. inflation could cost workers dearly nL1N34H16T

2/1 COLUMN-Anxious Fedspeak disguises satisfaction :Mike Dolan nL8N34A5J8

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FED-WATCHING TOOLS:

> POLL-Latest Reuters poll of primary dealers FED/R

> FACTBOX: Fed policymakers’ economic, rate projections FED/FCASTS

> FACTBOX-Fed staff forecasts from FOMC minutes FED/FCAST1

> Federal Open Market Committee policy statements FED/FOMC

> Federal funds futures contracts 0#FF:

> DIARY-Federal Reserve events FED/DIARY

> Fed’s weekly money supply report FED/S

> Federal Reserve balance sheet graphic http://tmsnrt.rs/2ewcgXW

> TOP NEWS: Central banks around the globe TOP/CEN

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(Washington Economics Team)

((Washington Newsroom, +1-202-898-8310))