QQQA - Another Hefty Hike By The Fed As Inflation Fight Rages On
- The Fed met market expectations with a unanimous 75 basis-point hike.
- FOMC lifted the federal funds rate to the 2.25% to 2.50% range and will continue its balance sheet runoff.
- Fed updated its language to reflect recent economic data, stating that "indicators of spending and production have softened".
The U.S. Federal Reserve raised rates another 75 basis points in an attempt to curb red-hot inflation, and indicated more rate hikes to come. Anthony Okolie speaks with James Marple, Senior Economist, TD Bank, about the implications for the U.S. economy.
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Another Hefty Hike By The Fed As Inflation Fight Rages On