Fed “Wordsmithing” and a 0.75 Percentage Point Hike, Largest Increase Since 1994
by Mish Shedlock, Mish Talk: The Fed chose to hike its base rate by three quarters of a point to a range of 1.50 to 1.75 percent. This is the biggest jump since 1994. GDP projection chart from Fed’s FOMC material on June 15, 2022. FOMC Statement Overall economic activity appears to have picked up […]
