The Federal Open Market Committee (FOMC) minutes from the September 20, 2023 meeting indicate that the committee voted to raise the target range for the federal funds rate by 0.75 percentage points to 3.00%-3.25%. The minutes also highlighted concerns about inflation and the impact of trade tensions on the economy.
federalreserve.gov/monetarypolicy/files/fomcprojtabl20230920.pdf
federalreserve.gov/monetarypolicy/files/fomcprojtabl20230920.pdf
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