Economic Update- November 2022

Economic Update- November 2022

1. INTEREST RATE HIKE • On November 2nd, the FOMC voted to increase the Federal Funds Rate by 75 bps for the fourth consecutive time, taking the benchmark interest rate to its highest since early 2008. The current Federal Funds Target Rate sits at 3.75%-4.00. • In the...

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Economic Update

Economic Update

1. INTEREST RATE HIKE • On November 2nd, the FOMC voted to increase the Federal Funds Rate by 75 bps for the fourth consecutive time, taking the benchmark interest rate to its highest since early 2008. The current Federal Funds Target Rate sits at 3.75%-4.00. • In the...

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Economic Update

Economic Update

1. FED POLICY MEETING At its latest policy meeting on June 15th, the FOMC raised the Federal Funds rate by 75 bps to a range of 1.5%-1.75%, its steepest rate hike since 1994. The move follows a May inflation rate of 8.5%. The yield on the 10-year Treasury note fell...

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