Latest Updates: Related to Inflation

Fed Hikes 25 and Hints at a Pause

05/03/2023

As expected, Fed officials announced another 25 basis point increase in the overnight funds rate bringing the target range to 5.0% to 5.25%, the highest in nearly 16 years. The vote was unanimous. This marks 500 bps of cumulative tightening in just under 14 months.

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