Fed Hikes by 25 Basis Points, to 5.25% Top of Range. Says, “Extent to which Additional Policy Firming May be Appropriate,” instead of “Pause.” QT Continues
Published
The rate is now where it last was during the 14-month-long pause from June 2006 to August 2007. The Fed’s FOMC raised its five policy rates by 25 basis points today, which pushed the upper end to 5.25%, having now hiked by 500 basis points in 14 months. The vote was unanimous. It hiked: • Federal…
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