Has the Fed Funds Rate Peaked?

The Fed has raised its key interest rate 11 times since March, 2022, and that may be as high as it gets, Patrick Harker, President of the Federal Reserve Bank of Philadelphia, said Tuesday.

The Fed switched to a target range from a target point for the fed funds rate in December 2008.
Chart: Diccon Hyatt / Investopedia Source: Federal Reserve
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