The Fed Hikes Interest Rates Again

The Federal Reserve raised rates by a quarter point this week for the 10th consecutive time since March of 2022, bringing the rate from 5% to 5.25%. 

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Interest rates are now at their highest level in the last 16 years, since the Fed began lowering rates in 2007 as the financial crisis was entering its early stages. 

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Even though Federal Reserve Chair Jerome Powell did not foreclose on the possibility of future rate hikes when discussing the matter at a news conference, the statement released by the Fed following their latest gathering removed some language about the potential need for additional rate hikes, which is leading many market-watchers to speculate that the rate hikes may be done, at least for now.

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