Fed Hikes Rates for Ninth Time Since March 2022
In one of the closest-watched Federal Reserve Board’s Federal Open Market Committee (FOMC) meetings, Federal Reserve officials unanimously stated on Wednesday, March 22 that it would raise interest rates by a quarter point.
“With this new hike, the Fed attempted to strike a balance between remaining vigilant on the inflation fight while acknowledging the real-world impact that recent turmoil will have on future economic activity,” said Portfolio Manager Jeffrey Rosenkranz.
Read the whole article here: Federal Reserve Increases Interest Rates 25 BPS: How it Affects You
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