Fed Raises Rates to 22 Year High and Says No Recession Is Coming
The Breakdown
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Background Context on Previous FOMC Meeting and Rate Decision
This chapter provides background on the previous FOMC meeting held in June where the Fed decided to hold rates steady at 5.25% after a series of rate hikes. They discuss the conflicting reasons behind the rate decision and the updated economic projections, as well as the trend of moderating inflation in recent months.
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Transcript
