TipRanksWell, the numbers came in this week, and the Fed did what we had all been expecting, while inflation beat the forecasts. That is, inflation slowed its rate of increase, from 7.7% in October to 7.1% in November, and the Federal Reserve responded by raising interest rates 50 basis points. And the next day, markets responded with a nosedive. The across-the-board drop came after investors had a chance to digest the numbers and the Fed’s recent comments. The Fed has signaled that while it will boost

Source: CBC News December 16, 2022 20:00 UTC