Risk of Fed Policy Error Increases06/16/2022


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The Federal Reserve’s (Fed) FOMC meeting concluded yesterday with the first 0.75% rate hike in 28 years to address persistently high inflation, pushing the federal funds rate to a range of 1.50% to 1.75%. The Fed also updated their economic projections. Compared to their March projections, they expect higher inflation, slightly higher unemployment, and slower growth by the end of the year.

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