Understanding The Fed’s Rate Hike Decision | Diving In
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Understanding The Fed’s Rate Hike Decision | Diving In
The Federal Reserve raised interest rates on Wednesday by a quarter of a percentage point. It’s the first time the Central Bank upped rates since July, 2023.
All 12 members of the Federal Open Market Committee, including Fed Chair Kevin Warsh, voted in favor of a rate hike. Justin Wolfers, professor of economics and founder of Platypus Economics, breaks down the Fed’s decision, and unpacks how it’ll impact your life.
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