Last week, the FOMC (Federal Open Market Committee) met and decided to raise the federal funds target rate by a quarter point. Most people were expecting this to happen, and Jerome Powell expects the Fed will continue to raise rates in 2022 in hopes of lowering inflation. Today's Peek of the Week has insight about the yield curve, future rate hikes and implications of Russia's invasion of Ukraine. Investors felt reassured after last week's improved clarity. Major U.S. stock indices rallied and accomplished some gains.
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