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Federal Reserve’s Upcoming September Meeting

Federal Reserve’s Upcoming September Meeting

Rate Hike Speculation and Recession Concerns for 2024 On Tuesday and Wednesday of this week, the Federal Reserve’s Federal Open Market Committee (FOMC) will meet to discuss the state of the US economy, the ongoing threat of inflation, and possible interest rate...
EXPLAINER: Federal Interest Rates

EXPLAINER: Federal Interest Rates

What They Are and How They Affect You Last week, the U.S. Federal Reserve’s Federal Open Market Committee (FOMC) increased the Federal Funds Interest Rates to 5.25-5.50%, for a 22-year high. This follows almost a year and a half of consistent rate increases since the...
The Fed Raises Rates Again

The Fed Raises Rates Again

Today, the Federal Open Market Committee released the minutes from their most recent meeting. The most significant news was that they hiked the interest rate by 25 basis points to give us a total federal rate of 4.5% (up from 4.25%). This was a continued effort by the...