Skip to main content. Skip to contact links. Skip to navigation. Skip to search. Skip to footer navigation.

Market Update

EB1A0369

September 23, 2022

Another round of rate increases as the Fed fights inflation

The Federal Reserve is standing pat in its hawkish effort to fight inflation. The Federal Open Market Committee (FOMC) raised the federal funds rate by 75 basis points at its September meeting and also set its terminal rate of 4.6% in 2023. The...