FOMC Minutes Show Fed Hiking Rates at a Slower Pace

At the November 2nd FOMC meeting, members unanimously agreed to hike the Fed Funds rate by 75bps to bring the key rate to 3.75%-4.0%.  The statement from the meeting said members agreed that ongoing rate hikes were necessary until rates were “sufficiently restrictive”.  In addition, the statement noted that “in determining the pace of rate […]

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