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	Podcast:		Power Lunch
	Episode:		The Fed Decision 7/26/23
	Category:		Business
	Duration:		00:30:37
	Publish Date:		2023-07-26 19:40:51
	Description:		The Federal Reserve approved a much-anticipated interest rate hike that takes benchmark borrowing costs to their highest level in more than 22 years. In a move that markets had completely priced in, the FOMC raised its funds rate by a quarter percentage point to a target range of 5.25%-5.5%. The midpoint of that target range would be the highest level for the benchmark rate since early 2001. We’ll discuss what it means for markets, the economy & your money.
	Total Play:		0