Marking the largest increase in nearly 22 years, the Federal Open Market Committee raised interest rates by 50 basis points to a range of 0.75-1.00% amidst record-high inflation. The Fed will also allow $60 billion in Treasuries and $35 billion in MBS to roll off their balance sheet each month.
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Fed Finalizes Merger Rule for Financial Institutions
The U.S. Federal Reserve Board recently issued a final rule to implement section 622 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.
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