The Fed is done hiking rates
The Federal Reserve is done raising short-term interest rates for the next six months.
Oh, I know the Fed didn't say that in its May 10 announcement accompanying the latest interest-rate increase to 5% -- No. 16 since June 2004. But I'm pretty sure the Fed is done until its Dec. 12 meeting, meaning no action in June, August, September or October.
Oh, I know the Fed didn't say that in its May 10 announcement accompanying the latest interest-rate increase to 5% -- No. 16 since June 2004. But I'm pretty sure the Fed is done until its Dec. 12 meeting, meaning no action in June, August, September or October.
posted by Gordengekko at 8:16 AM
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