FOMC Meeting RECAP (30 Second Read)
Here is the recap of todays FOMC Meeting
The fed raised interest rates by the expected 0.75%
The goal of the fed is to bring inflation down to 2%, the inflation rate is now the highest we have seen since 2008. This is the 3rd straight interest rate hike in a row.
These projections and the battle of inflation is proven to be a marathon not a short race.
Here are more details and helpful links: https://www.federalreserve.gov/monetarypolicy/files/fomcprojtabl20220921.pdf
https://www.federalreserve.gov/monetarypolicy/files/monetary20220921a1.pdf
https://www.federalreserve.gov/newsevents/pressreleases/monetary20220921a1.htm
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