TLT - March 2024 FOMC

2024-03-23 00:00:00 ET

Summary

• To no one’s surprise, the FOMC held its target rate range constant at 5.25%–5.5% and continued the process of letting its securities run off as they mature.
• In support of that decision, the committee’s statement cited data suggesting that job gains remain strong, the economy is expanding at a solid pace, and inflation has moderated but remains above its target.
• Real GDP growth was revised up for all four projection years and significantly for 2024, from 1.4% in 2024 and by 0.1 or 0.2 percentage points in 2025 and 2026.

To no one’s surprise, the FOMC held its target rate range constant at 5.25-5.5% and continued the process of letting its securities run off as they mature....

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