Aggressive Fed hikes rates another 75 bp, surprising no one...

Reuters | 2022-09-21 18:41 UTC

The Federal Reserve raised its target interest rate by three-quarters of a percentage point to a range of 3.00%-3.25% on Wednesday and signaled more large increases to come in new projections showing its policy rate rising to 4.40% by the end of this year

Despite many of the headlines the hike was pretty weak. 75 will help drive down inflation however they should have raised it a full 100 basis points to do what is needed.

By Anonymous Submission on 2022-09-21 19:36 UTC
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