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the Federal Reserve raising by one quarter point by 25 basis points to a new range of 475 to 5 percent it is the ninth hike in a row since the FED began hiking in May 2022. the FED providing some guidance saying additional policy firming may be appropriate thats perhaps a bit of a downgrade what they said last time where they said ongoing increases and the policy rate may be appropriate now theyre saying additional firming well have to talk what that means now on they said recent developments which seems like a youve been prepped for the recent turmoil in the back Market they said recent developments are likely to result in tighter credit conditions for households and businesses those tighter credit conditions will weigh on economic activity hiring and inflation the extent of these effects however is uncertain now they left unchanged their year-end projection for the funds rate at 5.13 percent which suggests they believe theyll be hiking at least one more quarter point and then be