FOMC Message: When is enough enough for the FED to Pivot?

Last week's FOMC marked the 4th consecutive time this year the Fed raised interest rates by +75bps, lifting the interest rate range to the highest level in 15 years (3.75% - 4.00%). Hopes for the Fed to pivot right at the start of 2023 have also vanished after Powell's speech last Thursday, with the free market expecting the Fed's interest rate ceiling to peak at 5.25% in mid-next year.

So what are the foundations for the Fed's upcoming interest rate policy? Which economic factors could drive the Fed's pivot plan? 

Viet Hustler will analyze the above information in this week's Macroeconomics section. 

Summary of information after November 2022 FOMC

For the 4th consecutive time this year, the Fed raised the base interest rate by another 75bps, bringing the base interest rate range to 3.75% - 4%, the highest level in 15 years.

Powell's speech immediately after that dashed hopes that the Fed would pivot soon. The main points in Powell's speech were summarized by Viet Hustler in summary article on FOMC 11/02 last week.

Accordingly, Powell affirmed that the Fed has no intention of Pivoting yet: