After hiking its benchmark interest rate by 0.75% at each of the prior four meetings, the Fed finally took its foot off the brakes a bit, raising rates by only 0.50% at its final meeting of the year. Inflation concerns continue to linger, despite a string of reassuring economic reports, but risks to higher prices …

Hope for “Soft” Landing in 2023 Loses Steam Following Another Interest Rate Hike, More Tough Talk by the Fed Read More »