Friday, June 14, 2024

Federal Reserve Hikes US Price 50 Foundation Factors, Slowing Tempo however Retaining Hawkish Outlook

by Jeremy

The U.S. central financial institution raised its benchmark rate of interest to a variety of 4.25%-4.5% on Wednesday. Officers now anticipate the present rate-hiking cycle to peak subsequent yr at a “terminal fee” above 5%.

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