FOMC Hikes Policy Rate by 75 Basis Points, Meeting Market Expectations

The Federal Reserve Open Market Committee (FOMC) lifted the federal funds rate to the 2.25% to 2.50% range and will continue its balance sheet runoff. The Fed updated its language to reflect recent economic data, stating that “indicators of spending and production have softened. Nonetheless, job gains have been robust in recent months, and the […]

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