Fed raises rates 50 bps, with more rate rises on the horizon

December 14, 2022

The Federal Reserve raised interest rates further by 50 basis points on Wednesday, noting a slowdown but not a full stop in rate increases, in an effort to curb inflationary pressures.

The central bank set its policy rate at a range of 4.25%-4.5% – the highest it has been since 2007.

While

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