Why the Fed raised interest rates by the smallest amount since it began its epic inflation fight
- Written by: William Chittenden, Associate Professor of Finance, Texas State University
Markets reacted positively to Fed Chair Powell's acknowledging “disinflation” is happening. AP Photo/Seth WenigThe Federal Reserve’s policy-setting committee lifted interest rates on Feb. 1, 2023, by a quarter of a percentage point to a range of 4.5% to 4.75%. The increase, the smallest since the Fed began an aggressive campaign...
