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FOMC raises rates and keeps the door open for more
After skipping a rate hike at the June policy meeting, the FOMC raised the federal funds rate by 25 bps yesterday to a range of 5.25% to 5.5%. This marked the 11th time since March 2022 that the Fed raised interest rates. Could more rate hikes be on the way? Nationwide’s Chief Economist, Kathy Bostjancic, and Nationwide’s head of Fixed Income, Brad Beman, provide analysis and insight on July's FOMC announcement. [NFM - 22911M4]
The skinny
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