Fed rate hike

Ad Non-partisan not-for-profit resource for US data statistics on a variety of topics. 2 days agoOn Wednesday the Fed raised its benchmark interest rate by an additional three-quarters of a percentage point.


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1 day agoKey Points The Federal Reserve on Wednesday enacted its second consecutive 075 percentage point interest rate increase taking its benchmark rate to a range of 225-25.

. See what makes us different. The rate-making Federal Open Market Committee announced the hike of 075 or 75 basis points at the conclusion of its two-day meeting. The hike moved the benchmark short-term rate to a range of.

Chair Jerome Powell said. We dont make judgments or prescribe specific policies. The increase was the third interest rate hike of 2022 and pushed the federal funds target range from 15 to 175.

In June the Fed raised rates by 75 basis points the highest increase since 1994. This is the fourth time. 1 day agoWednesdays rate hike will increase the federal funds rate the rate that determines borrowing between banks to about 225 to 250 which is.


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