Yesterday, February 2, 2023, The Federal Reserve announced a quarter of a percent rate hike to tame inflation. Though this target range is the highest since October 2007, it is important to note that this is the lowest hike since the start of the increases in March of the previous year.

Notes from the meeting show that they do recognize that inflation has eased some, thus, we believe, the smaller rate hike.

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Article to check out:

https://www.cnbc.com/2023/02/01/fed-rate-decision-february-2023-quarter-point-hike.html