FOMC Hikes Again, Signals More May Be Needed

<p>The Federal Reserve Open Market Committee (FOMC) hiked the federal funds rate to the 5.25% to 5.50% range and announced a continuation of its balance sheet runoff. The Fed updated its language to acknowledge the recent economic strength, stating “recent indicators suggest that economic activity has been expanding at a moderate pace. Job gains have […]</p>
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