05 April 2023
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US Manufacturing Extends Slump

US Manufacturing Extends Slump

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By Emirates NBD Research

The FOMC raised the fed funds target range by 50bps at its meeting yesterday, taking the upper bound to 4.50%. This was in line with our long-held expectations, and the consensus outlook was also for a slowdown from the straight run of four 75bps hikes at the meetings prior to this one. The decision was a unanimous one.

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Emirates NBD Research Head of Research & Chief Economist


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