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Economic Commentary

Podcast: FOMC strikes a hawkish tone

December 15, 2022
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Economists Kathy Bostjancic and Bryan Jordan discuss the Fed’s recent decision to raise rates by 50bps. (17 min)

In their final meeting of the year, the FOMC remains focused on controlling inflation and announced yet another rate increase. But this time, the rate increase was only half a point. This move raises the fed funds target ranger to 4.25 to 4.50. What does this tell us about the state of inflation and the economy? Are the rate increases starting to have the impact that the Fed was hoping for? Will we see rates continue to increase next year, and if so – how much higher? Nationwide’s Chief Economist Kathy Bostjancic, and Deputy Chief Economist Bryan Jordan discuss the Fed’s recent decision to raise rates further.

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