Federal Reserve Adjustment

By Rebecca Holden | July 28, 2023

On July 26th, 2023, the Federal Reserve raised interest rates by 25 basis points, resulting in a target federal funds rate of 5-1/4 to 5-1/2 percent. The second quarter U.S. gross domestic product (GDP) was released today (+2.4%) and marked the fourth straight quarter of growth and underlined the resilience of the U.S. economy. Inflation…

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