For the second meeting in a row, the Fed implemented a 25 basis point rate hike, bringing the new fed funds trading range to 4.75% - 5%. The question on everyone’s mind now is whether the Fed continues on their rate hike mission, or is a pause, or even a rate cut in the near future. During this week’s episode of the Basis Points podcast, Kevin Flanagan discusses the Fed’s attempt to thread the needle given this newfound level of uncertainty.
Basis Point: 1/100th of 1 percent.
