Fed raises interest rates by 0.75% (as expected by the market), but we need to hear Powell speaking about the economic outlook.
Decisions regarding monetary policy implementation:
The Board of Governors of the Federal Reserve System voted unanimously to raise the interest rate paid on reserve balances to 3.9 percent, effective November 3, 2022.
"Effective November 3, 2022, the Federal Open Market Committee directs the Desk to:
π³ Undertake open market operations as necessary to maintain the federal funds rate in a target range of 3-3/4 to 4 percent.
π³ Conduct overnight repurchase agreement operations with a minimum bid rate of 4 percent and with an aggregate operation limit of $500 billion; the aggregate operation limit can be temporarily increased at the discretion of the Chair.
π³ Conduct overnight reverse repurchase agreement operations at an offering rate of 3.8 percent and with a per-counterparty limit of $160 billion per day; the percounterparty limit can be temporarily increased at the discretion of the Chair.
π³ Roll over at auction the amount of principal payments from the Federal Reserve's holdings of Treasury securities maturing in each calendar month that exceeds a cap of $60 billion per month. Redeem Treasury coupon securities up to this monthly cap and Treasury bills to the extent that coupon principal payments are less than the monthly cap.
π³ Reinvest into agency mortgage-backed securities (MBS) the amount of principal payments from the Federal Reserve's holdings of agency debt and agency MBS received in each calendar month that exceeds a cap of $35 billion per month.
π³ Allow modest deviations from stated amounts for reinvestments, if needed for operational reasons.
π³ Engage in dollar roll and coupon swap transactions as necessary to facilitate settlement of the Federal Reserve's agency MBS transactions."
In a related action, the Board of Governors of the Federal Reserve System voted unanimously to approve a 3/4 percentage point increase in the primary credit rate to 4 percent, effective November 3, 2022.
www.federalreserve.gov/monetarypolicy/files/monetary20221102a1.pdf$SPX500$NSDQ100$DJ30$TLT (iShares 20+ Year Treasury Bond ETF )$USDOLLAR... Show More
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Sat Feb 14 2026 20:06:12 GMT+0000 (Coordinated Universal Time)
