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Podcast: Federal Open Market Committee (FOMC) raises rates and keeps the door open for more

August 7, 2023

The Federal Open Market Committee (FOMC) raised the federal funds rate by 25 basis-points in July to a range of 5.25 to 5.5 percent – the eleventh increase since March 2022. Nationwide’s Chief Economist, Kathy Bostjancic, and Nationwide’s head of Fixed Income, Brad Beman, provide analysis and insight on July’s FOMC announcement, including:

  • Could more rate hikes be on the way?
  • What are the financial markets pricing in for the potential for more rate hikes?
  • What’s the possibility of a soft landing?

Listen now:

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