The Fed Decision 7/26/23
from Power Lunch Hosted by CNBC
The Federal Reserve approved a much-anticipated interest rate hike that takes benchmark borrowing costs to their highest level in more than 22 years. In a move that markets had completely priced in, the FOMC raised its funds rate by a quarter percentage point to a target range of 5.25%-5.5%. The midpoint of that target range would be the highest level for the benchmark rate since early 2001. We’ll discuss what it means for markets, the economy & your money.
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This episode is 30 minutes long.
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This episode was published on July 26, 2023.
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