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Fed turns the screws

The Federal Reserve raised the federal funds target range by 75bp to 3.00-3.25 per cent
22 September 2022
    Download the full reportPDF, 1.06MB

    Key takeaways

    • The Federal Reserve raised the federal funds target range by 75bp to 3.00-3.25 per cent
    • The FOMC September projections suggest a further 100-125bps of tightening in 2022
    • We continue to think a cautious asset allocation makes sense at this point, given increasing recession risk amid stubborn inflation and accelerated policy tightening