Thu. Nov 14th, 2024

Fed Hikes Rate at Fastest Pace in 22 Years, Will Start Shrinking Balance Sheet

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May 4, 2022

Fed Hikes Rate at Fastest Pace in 22 Years, Will Start Shrinking Balance Sheet

Federal Reserve chair Jerome Powell announced Wednesday that the central bank will start shrinking its balance sheet and lift the fed-funds rate by a 0.5 percentage point.

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