The Federal Reserve announced a smaller 0.50 percentage point rate hike on Dec. 13, as expected, as it begins to dial back its efforts to fight inflation.
The news came as Fed policymakers held their two-day Dec. 13–14 Fed policy meeting.
Fed Announces Smaller Half-Point Hike to Fight Inflation and Latest Summary of Economic Projections
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The Federal Reserve Board building on Constitution Avenue in Washington on March 27, 2019. Brendan McDermid/Reuters
By Bryan Jung
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