Federal Reserve raises Interest Rates Again

The highest in 15 years!

Fed Raises Interest Rates by 0.5 Percentage Point to 15-Year High

Federal Reserve policymakers voted on Dec. 14 to raise the benchmark federal funds rate by 50 basis points to a target range of 4.25–4.5 percent, the highest level since late 2007.

The Fed’s policy-making arm, the Federal Open Market Committee (FOMC), has boosted interest rates seven times since March, totaling 425 basis points.

During a post-meeting press conference, Fed Chair Jerome Powell said there’s still a long way to go in the fight against inflation. Most officials now anticipate raising rates above 5 percent next year, which is higher than previously projected.

Upon the announcement, the Market dropped and all three ended in the red. I'm getting poorer by the minute under this President...and it's NOT Putin's fault.

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