Fed Raises Rates by 75 Basis Points at July FOMC in Fight to Quell Inflation

FOMC KEY POINTS: The Fed raises the federal funds rate by 75 basis points to 2.25%-2.50%, in line with market expectations The FOMC statement retains the guidance that ongoing increases in the target range will be appropriate, a sign that more hikes are on the horizon With the July monetary policy meeting in the rearview …

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