The Federal Reserve made its largest rate hike in more than two decades Wednesday, while confirming plans to reduce its $9 trillion balance sheet, but added that follow-on moves would be 'appropriate' to the health of the broader economy.
The Fed lifted its Fed Funds rate by 50 basis points, to a range of 0.75% to 1%, and said near-term rate moves would be “needed in order to combat the faster since the early 1980s.
https://www.thestreet.com/markets/fed-hikes-rates-by-50-basis-points-biggest-one-day-move-since-2000
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