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Interest-Rate Forecast: What’s Next?

Investing Insights

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The Fed's Decision to Hike the Fed Funds Rate

The Fed increased the Fed funds rate by 25 basis points in its July meeting. The CPI came in at 3.1% year over year in June. Core inflation is still running a bit higher, closer to 4% annualized in the past three months. We expect inflation in 2024 to come in line with the Fed's 2% target.

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