WEDNESDAY AFTERNOON UPDATE:
As expected, this week’s FOMC meeting has adjourned with no change to key short-term interest rates. However, there were some surprises in the release that have caused afternoon volatility. Standing out the most is an expectation of two rate hikes by the end of 2023 when the general consensus was changes would not be made until 2024. The earlier timeline indicates the Fed feels the economy is rebounding from the pandemic better than previously thought.
30 yr - 1.55%