The Fed Just Did Biggest Rate Hike in 2 Decades
The Federal Reserve just hiked interest rates by 0.5% which they haven't done in two decades. Not only that, but they also raised the interest rate being paid on the reverse repo facility in order to keep that $1.8 trillion out of the financial system so that they can keep it for when they need it most. Finally, they will begin selling assets off their balance sheet. Pain is coming, the question is how bad will it get and how long will it last before they reverse course?
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