At its May 4 meeting, the Fed decided to raise the Federal Funds rate by half a percentage point, or 50 basis points (BPS). That’s the largest single rate hike in 22 years. This raises the fed funds rate to the 1% range. Considering inflation is running at an 8.5% annual rate …
Click to read the rest HERE-> Fed Action, Once Again, Way Too Little & Way Too Late first posted at Conservative Daily News
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Author: Michael Busler
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