Following the Fed’s Interest Rate Decision, Leading Economists Weigh In—What’s Happening?

Economists commented after the Fed raised interest rates by 25 basis points, in line with expectations. Following the US Federal Reserve’s (FED) decision to raise its policy interest rate by 25 basis points, initial market reactions and economist assessments have begun to emerge. The US dollar index (DXY) rose above 100 after the decision, crossing this threshold for the first time since August 13th. While the FED implemented its first interest rate hike in three years, the updated dot plot indicates a longer outlook for higher interest rates in monetary policy.