Fed defines a more limited rate hike: markets expectant about the 2023 path

Today begins the first meeting of the year of the Federal Open Market Committee of the US Federal Reserve, which will culminate tomorrow with a new definition of the direction of its monetary policy in 2023. The Fed's contractionary path began in March 2022, when it mandated a 25 basis point increase in a policy rate that was close to 0. Joaquín Candia, Portfolio…