The Fed paused rate hikes in September and maintained its target range for the federal funds rate at 5.25%-5.50%. Despite this, the Fed reinforced its commitment to "higher for longer" interest rates and provided a more hawkish outlook on interest rates for 2024 compared to earlier forecasts.
According to the September dot plot, a majority of officials projected the policy rate to be within the range of 4.875% to 5....

MACRO
Yellen Reports New Debt-Limit Accounting Maneuver to Congress
Yellen said in a letter to bipartisan congressional leaders that the Treasury will be altering the investments in a third government-run fund for retirees, after last week advising them of similar action for two others. Yellen didn’t offer any update on how long the extraordinary measures can be used to avoid the Treasury running out of cash. Earlie...