Today news
About the same in other media
Fed Raises Rates by 0.75 Percentage Point, Largest Increase Since 1994
Reading now: 329
The Federal Reserve approved the largest interest-rate increase since 1994 and signaled it would continue lifting rates this year at the most rapid pace in decades to fight inflation that is running at a 40-year high.
Officials agreed to a 0.75-percentage-point rate rise at their two-day policy meeting that concluded Wednesday, which will increase the Fed’s benchmark federal-funds rate to a range between 1.5% and 1.75%.
Read more on wsj.comAbout this in other media
Why do central banks raise interest rates to curb inflation? euronews.com /2 years ago
Fed’s Waller Supports 0.75-Percentage-Point Rate Hike in July wsj.com /2 years ago
Interest Rates Are Well Below What Academic Formulas Suggest, Fed Report Says wsj.com /2 years ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
