FOMC Raises Rates by 75 bps and Indicates More to Come

Summary The FOMC raised rates by 75 bps at today’s meeting, which was widely expected. All 12 voting members of the Committee supported the decision to hike rates by 75 bps. Inflation remains forefront in the minds of most Committee members. The statement announcing the decision to hike rates noted that “the Committee is strongly […]

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