Fed Boosts Rate 50 BPs
Update 656 — Fed Boosts Rate 50 BPsIs Soft—and Swift—Landing in Sight? Today, the Federal Reserve announced a 50 basis point interest rate increase, bringing the borrowing benchmark up to a targeted range of 4.25-4.5 percent. This rate hike, a slowdown after four consecutive 75 point increases, suggests the Fed believes it may have a …