Federal Reserve announces 50 basis point rate hike amid concerns over economy: A review of the Summary of Economic Projections
Investing Pioneer – 5:17 PM EST – 12/14/2022 The Federal Reserve commenced its FOMC meeting today. Fed chairman Powell spoke at 2:30 PM EST, discussing the path forward. The day also saw the announcement of the 50 basis point rate hike, a consensus leading up to the meeting that was shared by 100% (85/85) of …