The Fed Raised Rates Half a Point. The Bank's Dot Plot Is the Focus Now

The Fed Raised Rates Half a Point. The Bank's Dot Plot Is the Focus Now

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The Federal Reserve’s policy committee raised its target interest rate by 0.50 percentage point on Wednesday. Officials’ median forecast for peak interest rates in 2023 rose to 5.1%, from 4.6% in September, with slower economic growth and a higher unemployment rate at year end. It is the central…

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