Fed Overview into 2023

Where is the Fed as we enter 2023?

As we enter 2023, in terms of Fed policy, things are actually fairly clear in a reaction function sense. The Fed is saying they are going to sit at a 5% funds rate until wage growth is no longer 5%. What I have called in my JSTA client calls “5 to end 5.” The way the Fed thinks about things right now is that they are in…