As Everyone Expected, the Fed Raises Interest Rates Another 25 BP

The big question is whether this will be it or if the Fed might keep increasing rates going forward.

As expected by virtually every expert that GlobeSt.com has heard from for weeks, the Federal Reserve’s Federal Open Market Committee (FOMC) announced that it would raise the benchmark federal funds rate range 0.25 percentage points to 5% to 5.25%.

Given the three bank failures in two months and concerns that further actions could tip the economy into recession, this has been a more criticized interest rate decision than several preceding ones.

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Erik Sherman

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