FED Actions Devastating World Economy! What lies ahead?
The Federal Open Market Committee (FOMC) increased the federal funds rate by 0.50% (50 basis points) to 4.25% – 4.50% at their December 14, 2022 meeting. This is the highest the federal funds rate has been in 15 years and slower than the 0.75% increase experienced in the June, July, September, and November meetings. The FOMC still plans to continue incr…
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