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Podcast: Power Lunch
Episode: The Fed Decision 7/26/23
Description: The Federal Reserve approved a much-anticipated interest rate hike that takes benchmark borrowing costs to their highest level in more than 22 years.In a move that markets had completely priced in, the FOMC raised its funds rate by a quarter percentage point to a target range of 5.25%-5.5%. The midpoint of that target range would be the highest level for the benchmark rate since early 2001. We’ll discuss what it means for markets, the economy & your money. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and...