Past rate raises proves the aff is non-uq 11 times over
Cox 23- Veteran journalist and economics editor for CNBC.com where he covers the latest data, the Federal Reserve and how the developments impact financial markets.
Jeff Cox, “Fed approves hike that takes interest rates to highest level in more than 22 years,” CNBC, 7-26-2023, https://www.cnbc.com/2023/07/26/fed-meeting-july-2023-.html-- 嘉玮
The hike received unanimous approval from voting committee members.
The only other change of note in the statement was an upgrade of economic growth to “moderate” from “modest” at the June meeting despite expectations for at least a mild recession ahead. The statement again described inflation as “elevated” and job gains as “robust.”
The increase is the 11th time the FOMC has raised rates in a tightening process that began in March 2022. The committee decided to skip the June meeting as it assessed the impact that the hikes have had.