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17 out of 19 Federal Reserve officials on the monetary policy | BlockSolFi - Crypto & Blockchain News

17 out of 19 Federal Reserve officials on the monetary policy committee said the #Fed’s target interest rates would have to rise above 5% in 2023.

This means that the rates borrowers would have to pay would be much higher, which could bring U.S. prime rates above 7% in 2023.

#negative #financialcrisis #2023economy #crypto