The Federal Reserve’s Federal Open Market Committee (FOMC) recently voted unanimously to raise interest rates by 0.25 percentage points to fight inflation. Topline: The Federal Reserve’s Federal Open Market Committee (FOMC) recently voted unanimously to raise interest rates by 0.25 percentage points to fight inflation. Bottomline: The Fed raised interest rates to address inflation and its forecasts now indicate higher rates in the coming years. This will drastically impact everyday Americans and may induce President Trump to expand the current global trade war.
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