Powell’s points presentation: the Fed raises rates
The Intelligence from The Economist
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The Fed's Raising Interest Rates Is the Most Important Part
The fed announced that its increasing interest rates by half per centage point. Is the first time that as done a rate increase of this size since the year two thousand. It also announced plans for beginning to shrink the size of its balanced feet. Inflation is obviously too high for the fed's comfort, for pretty much anybody's comfort.
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