CoinScoopFederal Reserve Hikes Rates by 25 Bps; Dot Plot Signals Further Increases
The Federal Reserve raised the federal funds rate target range to 3.75%-4.00%. The latest dot plot reveals that 16 out of 18 officials expect at least one more rate hike before the end of the year. Economic growth forecasts for this year and next were revised upward, though core inflation remains a concern.
Summaries are written by AI from the original article. Not investment advice.