The Fed just predicted a pretty lousy economy - and the markets took notice

The Fed just predicted a pretty lousy economy – and the markets took notice

Comment The Federal Reserve (Fed) announced on September 21 that it had raised interest rates by 75 basis points (bps), or three-quarters of a percentage point. The decision came a day after the Federal Reserve Bank of Atlanta lowered its much-watched estimate of third-quarter 2022 GDP (“GDP Now”) to just 0.3% on September 20, after …

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