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Knowledge Is Power

Industry Insights Right at Your Fingertips

Weekly Update 3/31/2023: Inflation Cools in February; U.S. Consumer Confidence Remains High as Employment Remains Strong

A key gauge of US inflation cooled last month by more than expected and consumer spending stabilized, suggesting the Federal Reserve may be close to ending its most aggressive cycle of interest-rate hikes in decades. Excluding food and energy, the Fed’s preferred inflation gauge — the personal consumption expenditures price index — rose 0.3% in February after the prior month was revised down slightly.

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Weekly Update 3/24/2023: Fed Lifts Rates Again

On Wednesday, the Federal Open Market Committee (FOMC) decided in a unanimous vote to raise the guidance for its fed funds rate to 4.75%-5.00% from 4.50%-4.75%, a raise of 25 basis points (0.25%). This is the highest level for the fed’s benchmark since September 2007.

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