Summary -
After pausing last month in its ongoing series of rate increases, the Federal Reserve Board today bumped up its benchmark interest rate, the fed funds rate, by .25% to a range of 5.25% to 5.50%—a 22-year high....more
In a continued effort to reduce inflation to its 2 percent target, the Federal Reserve on Wednesday raised the benchmark interest rate another quarter-point, setting it between 5 and 5.25 percent, a 16-year high....more
Amidst turbulence in the banking sector, the Federal Reserve continued today to seek a balance between stemming inflation and risking recession, and potential further disruption in the banking system, raising the benchmark...more
The Federal Reserve raised interest rates on Wednesday by 25 basis points, marking the eighth hike in a year, bringing the target range to 4.5 to 4.75 percent. Rates were near zero a year ago.
Chair Jerome Powell also...more
The Federal Reserve today announced another hike in interest rates—raising the federal funds rate by another 50 basis points. It’s the seventh consecutive increase this year aimed at cooling inflation by dampening the...more
As expected, the Federal Reserve today announced another significant hike in interest rates this year—raising the federal funds rate by another 75 basis points. With today’s increase, the Fed took the federal funds target...more
Summary -
As expected, the Federal Reserve today announced its fifth significant hike in interest rates this year—raising the federal funds rate by 75 basis points. With today’s increase, the Fed took its federal funds...more