# @benzinga on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/CxbXB-it19I
- **Gondola URL:** https://gondola.cc/posts/17859168-benzinga-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/thumbnails/fe43258eff.jpg
- **Posted:** 2023-09-20T20:44:31.000+00:00
- **Account Owner:** Benzinga | News That Moves (@benzinga) — https://gondola.cc/benzinga

## Caption

The Federal Reserve maintained the federal funds rate at its existing range of 5.25% to 5.5% during its September meeting, as largely predicted by the market.

The Federal Open Market Committee (FOMC) updated its quarterly economic forecasts and the “dot plot,” which illustrates each member’s preferred trajectory for interest rates.

In terms of the dot plot, the median projection for 2023 remained consistent with June’s figures at 5.6%, indicating a preference for one more rate increase, potentially occurring in either the November or December meeting.
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#federalreserve #fedfundsrate

## Stats

- **Views:** 0
- **Likes:** 32
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- **Comments:** 1

## Tags

federalreserve, fedfundsrate

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