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Fed Minutes: Almost all officials backed quarter-point hike

Por: WPLG Local 10 Politics February 22, 2023

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WASHINGTON – Nearly all Federal Reserve policymakers agreed earlier this month to slow the pace of their rate increases to a quarter-point, with only “a few” supporting a larger half-point hike. The minutes from said most of the officials supported the quarter-point increase because a slower pace “would better allow them to assess the economy’s progress” toward reducing inflation to their 2% target.The increase raised the Fed’s... + full article



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