The Federal Reserve on Wednesday eased up on its most aggressive economic tightening campaign in three decades, raising interest rates by 50 basis points but leaving the door open for additional hikes next year.
it would raise the federal funds rate by 50 basis points to a target range of 4.25% to 4.5%—the highest level since early 2008.
In an email, Vital Knowledge founder Adam Crisafulli called the announcement"more hawkish than expect and a modest negative for stocks," pointing out the Fed now projects rates could climb to 5.1% next year .
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