Latest Updates: Related to Inflation

Fed Goes 75 Once Again With More to Come


This afternoon as expected the FOMC raised the overnight funds rate by 75 basis points, bringing the target range to 3.00% - 3.25%, the highest since early 2008. In just over six months, Fed officials have now increased the key lending rate by a total of 300 bps, while indicating ongoing rate hikes are appropriate.

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