Fed hikes 75bps, will consider cumulative tightening and lags to determine next step

Fed hikes by 75bps to 3.75-4.00% as widely expected. Tightening bias is maintained as “the Committee anticipates that ongoing increases in the target range will be appropriate”. However, in the statement, Fed added, “in determining the pace of future increases in the target range, the Committee will take into account the cumulative tightening of monetary […]

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