Fed Raises Rates Another Quarter Point — Is This the Last Increase for 2023?
Despite growing calls from politicians and economists for the Federal Reserve to pause its rate hikes, it came as no surprise that Fed officials once again unanimously stated on May 3, that they would raise interest rates by a quarter point. The question now is what the Federal Reserve’s Federal Open Meeting Committee (FOMC) intends to do in the coming months and whether this will be the last increase for 2023.
Read the whole article here: Fed Raises Rates Another Quarter Point- Is This the Last Increase for 2023?
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