Aggressive Fed hikes rates another 75 bp, surprising no one... 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
Fed Should Hike to 5% or Higher to Curb Inflation, Dudley Says... (Bloomberg) -- Former Federal Reserve Bank of New York President Bill Dudley said the U.S. central bank should stop sugarcoating its message on how high interest rates need to go -- and how much pain that will cause -- to get inflation under control.Most Read from BloombergDont Bother Paying Off