Federal Reserve Impacts on Economic Activity
In July, the Federal Open Market Committee (FOMC) raised the target range for the federal funds rate by 25 basis points and made the decision to continue reducing the Fed’s securities holdings, both with the intention of bringing down inflation.
The Fed has raised its benchmark rate for the 11th time in 17 months in its ongoing drive to curb inflation. Gain further insight into the financial outlook here:
https://www.federalreserve.gov/newsevents/speech/bowman20230807a.htm
