TechFlow news, according to official updates, the Federal Reserve has raised the benchmark interest rate by 50 basis points to a range of 0.75%-1.00%, marking the first time since 2000 that it has sharply increased rates by 50 basis points, in line with market expectations. The Fed's FOMC statement indicated that it will gradually raise the cap on balance sheet reduction to $95 billion per month over three months ($60 billion in U.S. Treasuries and $35 billion in MBS).
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