By Martin Baccardax “Recent indicators of spending and production have softened and inflation remains elevated,” the Fed noted following back-to-back 75 basis point rate hikes. The Federal Reserve delivered its second major rate hike in succession Wednesday, amid one of the most aggressive tightening in decades, while adding it sees “ongoing increases” in the months ahead despite a weakening forecast for the world’s biggest economy. The Fed lifted its Fed Funds rate by 75 basis points, matching the biggest move since 1994, to a range of 2.25% to 2.5%, and said near-term rate moves would be nee…
