The Fed’s Monetary Tightening Policy Enters A New Phase – Analysis
By Wei Hongxu*
On November 2, the Federal Reserve announced raising interest rates by 75 basis points, which means that the target range of the federal funds rate was raised by 75 basis points from 3.00%-3.25% to 3.75%-4.00%. This is the fourth consecutive rate hike by the Fed this year by 75 basis points. The Fed said it...
