Federal Reserve Meeting Brief: March 2023
03.23.2023
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Buying
Softer Rate Hike Outlook Potentially Clears Some Hurdles for Investors
Banking shock prompts Fed to take a more measured approach. At its March 22 meeting, the Federal Open Market Committee raised the federal funds rate for the ninth time in 12 months. The 25-basis-point hike matches the margin from February and lifts the lending rate’s lower bound to 4.75 percent. The FOMC cited still-too-high inflation and…