 U.S. Highlights The FOMC downshifted its tightening race in December, raising the policy rate by 50-bps, bringing the operating band to 4.25-4.5. The FOMCs Summary of Economic Projections showed a less optimistic economic outlook, accompanied by higher inflation. The median consensus on the Fed Funds rate was lifted by 50-bps for 2023, implying a terminal ... The post The Weekly Bottom Line: Slowing, But Not Stopping appeared first on Action Forex... 