The Fed Raises Rates But Reduces Outlook

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As expected, the Federal Open Market Commitee (FOMC) raised its target for the federal funds rate by 25 basis points at the conclusion of its December meeting, marking the fourth rate hike for 2018. The increase brings the target range to 2.25% to 2.5%, which is considered the lower end of “normalized” monetary policy – neither accommodative nor restrictive. Surprisingly,… Read More ›

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