Brian Jacobsen, Janet Rilling, and Jeff Weaver provide perspective on the U.S. economy—and key indicators we monitor to gauge the potential for a recession—as we look ahead to the FOMC announcement on June 15, 2022.
Author: Jeffrey Weaver, CFA
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On Wednesday, the Federal Open Market Committee (FOMC) raised the federal funds rate by 50 basis points (bps; 100 bps equal 1.00%) to a new range of 0.75%‒1.00%. This was widely expected by the market, and the vote was 10-0.
