Fed hikes rates by 75 bps; reaches twin milestones ahead of GDP data
In line with market expectations, Chairman Powell and the members of the FOMC, raised the federal funds rate by 0.75%, for a second consecutive time. In a unanimous vote, the policy corridor was raised to 2.25% – 2.50%, which is the fastest pace of tightening since 1981 in response to the surg
Jul 27, 2022