The U.S. Federal Reserve has raised interest rates by 5.25% since March 2022, bringing the target Fed Funds rate to the 5:25% to 5.50% range. See the history of the Fed Funds rate. The Federal Reserve has been keeping the target Fed Funds rate at 5.5% without further hiking since July 2023. The following is the latest FOMC Press Conference held on March 20, 2024.

https://youtu.be/UYnc6bsgkJQ

The purpose of this assignment is to give you an opportunity to connect with and learn from real-world economic and financial issues and events. You will learn from engaging in the topic yourself and from the views expressed by your classmates.

Question: Discuss the financial and economic consequences of the current tight monetary policy (higher interest rates) of the U.S. Fed. You can discuss the specific benefits and risks of this policy for the U.S. and global economies, businesses, and consumers.

Make a posting based on your own readings and research on the above question.

Your posting must be between 200 to 300 words. Review the rubric below before you begin your assignment. Make at least 4 specific and separate points in your posting. Number your points as 1,2,3,4. No attachments, tables, graphs, images, or links to sources. Make sure to write in your own words. No cut and paste, please.