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The Fed Hikes Again, with an Expectation of More to Come

Luke Tilley |
Wilmington Wire

March 15, 2017—As expected, the Federal Open Market Committee (FOMC) of the Federal Reserve (Fed) hiked its benchmark interest by 25 basis points, or bps (0.25%), from a range of 0.50%–0.75% to a range of 0.75%–1.0%. It is the third such hike of this cycle, but comes just 12 weeks after the previous hike in