As expected, the Federal Reserve raised the federal funds rate by 75 basis points as part of its inflation-fighting efforts. Its target range will now be 3.00 to 3.25 percent. For comparison, during the descent from the 1970s inflation, then-Fed chair Paul Volcker raised rates as high as 20 percent. The reason for today’s inflation […]
The post Fed Raises Federal Funds Rate appeared first on Competitive Enterprise Institute.