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Confused about where Fed policy is headed? Don’t worry. Professional forecasters are, too.

·2 min read
Confused about where Fed policy is headed? Don’t worry. Professional forecasters are, too.

If you’re confused where interest rates are going to end up in 2023, you’re not alone. A new survey from the National Association for Business Economics shows a wide split among their members on whether rates will go higher or lower. Earlier this month, the Fed raised its benchmark rate by a half a percentage point to 0.75%-1%.