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As Expected The Fed Adds a 1/4 of a Point

Fed Chairman Jerome Powell2

the staff of the Ridgewood blog

Washington DC, the US Federal Reserve did what almost everyone expected  it would do, raising interest rates by a quarter percentage point and hinting it could be the final move in its tightening campaign. With a slight tweak to its language, the central bank signaled that the time to step back and watch may have finally arrived.

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