Fed hikes 25bps to 4.50-4.75%, ongoing tightening appropriate

Fed raises federal funds rate by 25bps to 4.50-4.75% as widely expected by unanimous vote. Tightening bias is maintained as “the Committee anticipates that ongoing increases in the target range will be appropriate in order to attain a stance of monetary policy that is sufficiently restrictive to return inflation to 2 percent over time”. Regarding […]

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