Fed Raises Target Rate By 75 Basis Points To 1.75% Despite Negative Q2 GDP Forecast

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Sometimes I wonder if The Federal Reserve Board of Governors pays attention to economic news. For example, the Atlanta Fed’s GDPNow forecast for Q2 was released today at -0.002%. So what does The Fed do? They raised their target rate by 75 basis points to 1.75%.

Apparently, The Fed has chosen to fight inflation rather than help the economy.

The Fed has chosen poorly.

Published by confoundedinterest17

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