As expected, the Federal Reserve raised benchmark interest rates a quarter percentage point. That’s the first time the Fed’s raised interest rates since 2018. The increase is meant to slow inflation. The committee anticipates interest rate increases at each of the six meetings this year. Three more interest rate hikes are expected in 2023 and then, none the following year.
News Categories
Latest RRFN Podcasts
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.