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How does that relate to their statement: "the Committee decided to raise the target range for the federal funds rate to 4-1/4 to 4-1/2 percent." That looks li
by throw7 4y ago
How does that relate to their statement:
"the Committee decided to raise the target range for the federal funds rate to 4-1/4 to 4-1/2 percent."
That looks like a 1/4 percent raise, but then the language is weird to me (_to_ 4-1/4 to 4-1/2 percent", wouldn't one say from 4-1/4 to 4-1/2 percent)
- flicken 4y agoThe key phrase here is "target range"---it's not an exact number, but a range. The previous statement[1] was .50% lower on both ends of the range: > the Committee decided to raise the target range for the federal funds rate to 3-3/4 to 4 percent [1] https://www.federalreserve.gov/newsevents/pressreleases/monetary20221102a.htm https://www.federalreserve.gov/newsevents/pressreleases/mone...