By EUGENIO J. ALEMAN
Raymond James Chief Economist
The risks to our forecast and to the US economy increased considerably after the latest statement from the FOMC with its updated projections for the path of interest rates. As an example, the March 2022 projection for the federal funds rate for 2022 was 1.9%, which was still below what is currently called the ‘neutral’ level for the federal funds rate.
However, in this new projection, the FOMC estimates the “projected appropriate policy path” to be 3.4% for 2022, which is a highly restrictive level. Furthermore, for 2023, the path for the federal Read More







By CORTNI NUCKLOS
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By the family of James Archuleta:
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