Market Wrap Recap – The Short-Term Lending Rate Is Now 5%
May 11, 2023 at 18:27 PM EDT
Earlier this week, the Federal Reserve raised interest rates another 25 basis points bringing the front end of the short-term lending rate to 5%. However, the focus was on Fed Chair Powel’s statement. He softened his rhetoric around future lending rate hikes, indicating a pause may be warranted. The Fed has repeatedly said they [...] The post Market Wrap Recap – The Short-Term Lending Rate Is Now 5% appeared first on ETF Trends .
