Federal Reserve downshifts to 50 basis point hike, sees more rate increases ahead

Dec. 14, 2022 2:01 PM ETBy: Liz Kiesche, SA News Editor272 Comments

FED federal reserve of USA sybol and sign.


As widely expected, the Federal Open Market Committee increased its policy rate by 50 basis points to 4.25%-4.50% on Wednesday, as it downshifted from the 75-bp hikes of its previous four meetings.

The central bank's policymaking committee still

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