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In widely expected move, Fed increases rates by 0.25%

by Loretta Clodfelter | Jul 27, 2023

The Federal Open Market Committee raised the target federal funds rate by 25 basis points to a range of 5.25 percent to 5.5 percent at its meeting July 26. While expected, this is the highest target federal funds rate in 22 years and will have wide-ranging effects across the economy and commercial real estate.
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