Monetary Policy Tightening Stancemonetary policy
0.75Strengthened
policyverifiedconfidence: high
US Federal Reserve raises rates ~500bp in 2022-2023 to fight inflation
Beginning in March 2022, the US Federal Reserve raised the federal funds target by about 425 basis points over 2022 (to a 4.25-4.50% range) and continued tightening into mid-2023, reaching a peak target range of 5.00-5.25% by June 2023 - the most aggressive hiking cycle in over 30 years - in response to post-COVID inflation.
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Beginning in March 2022, the US Federal Reserve raised the federal funds target by about 425 basis points over 2022 (to a 4.25-4.50% range) and continued tightening into mid-2023, reaching a peak target range of 5.00-5.25% by June 2023 - the most aggressive hiking cycle in over 30 years - in response to post-COVID inflation.
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