The FOMC held its September meeting this week, announcing another 75 basis point rate increase.
(*) What impact could this rate hike have on inflation and economic growth?
(*) Are more aggressive hikes on the horizon?
(*) Based on the Fed's recent actions, is the likelihood of a recession growing stronger?
Nationwide's Deputy Chief Economist Bryan Jordan and Senior Economist Ben Ayers reflect on the Fed's announcement and provide their perspectives on the economy. [NFM-20130AO.49]