News Analysis
With inflation running well above the Fed’s stated target, earlier this month the Fed made its first steps in an attempt to quell inflation, raising the federal funds rate by 25 basis points.
The Fed Increased Rates—Now What?
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Traders work as Federal Reserve Chair Jerome Powell is seen on a screen delivering remarks at the New York Stock Exchange in New York City on March 16, 2022. Brendan McDermid/Reuters
By Edward Cheng
Updated:
