FED DECISION: The Federal Reserve votes to hike interest rates by 25 basis points.
, however, were looking to this week's meeting for signs that the Fed would be ending the rate increases soon. But the statement provided no such signals.
In 2022, the Fed approved four consecutive 0.75 percentage point moves before going to a smaller 0.5 percentage point increase in December. In recent public statements, multiple officials said they think the Fed at least can scale back on the size of the increases, without signaling when they could end.
Fed policy is thought to work on a lag – when the central bank raises rates, it takes time for the economy to adjust to tighter controls on money.
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