4 in a row
Welcome to the Know the Difference Minute for Wednesday, November 2nd. 
No surprise, the Federal Reserve has approved a 4th consecutive 75-basis point interest rate increase. That was expected. What was welcomed was the signal of a potential change in the approach to monetary policy in the battle to bring down inflation. 
Now at the highest level since January 2008, the short-term borrowing rate is in a target range of 3.75 to 4%. Is this the last 75-basis point move? We’ll see. The Fed dropped a hint by saying it would consider the effect of tightening on economic activity and inflation along with economic and financial developments. 
Economists are rooting for a step down in policy—50 basis points in December could be a coin flip before smaller hikes next year. Spending and production is modest, job gains have been robust, but inflation is still high. 

I’m Dave Spano from Annex Wealth Management.  That is your Know the Difference Minute.