Federal Reserve policymakers voted on Dec. 14 to raise the benchmark federal funds rate by 50 basis points to a target range between 4.25 percent and 4.5 percent, the highest level since late 2007. The Fed’s Federal Open Market Committee (FOMC) has boosted interest rates seven times since March, totaling 425 basis points. During a post-meeting press…
Fed Raises Interest Rates by 0.5 Percentage Point to 15-Year High
December 14, 2022
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Federal Reserve Braces for Smaller Rate Hikes Ahead, Talks Recession Risks: Minutes
The Federal Reserve does not believe inflation pressures are easing, according to minutes from the November Federal Open Market Committee (FOMC) policy meeting. Meeting participants noted that inflation risks were “skewed to the upside,” adding that “a persistent reduction in inflation could require a greater-than-assumed amount of tightening in financial conditions.” With risks to real…
Federal Reserve Meeting Calendar and Fed News
The Federal Reserve has been aggressively moving to raise interest rates this year in an effort to cool off red-hot inflation that has seen the cost of living across the United States soar. Prior to March of this year, the central bank, whose duties include maintaining a stable monetary and financial system while maximizing employment, had not…
Federal Reserve Raises Interest Rates by Another 0.75 Percentage Points to Cool Inflation
November 2, 2022
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The Federal Reserve raised the benchmark federal funds rate by 75 basis points, to a target range of 3.75–4.00 percent on Nov. 2, in line with market expectations. The decision came after the Fed’s policy-making arm, the Federal Open Market Committee (FOMC), concluded its two-day policy meeting on Nov. 2. This was the sixth rate hike…
Federal Reserve Raises Interest Rates by Another 0.75 Percent to Cool Inflation
November 2, 2022
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Business & Marketseconomic policieseconomyFederal ReserveFOMCinterest ratesMarketsPolicies & ImpactsUSUS News
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The Federal Reserve raised the benchmark federal funds rate by 75 basis points, to a target range of 3.75–4.00 percent on Nov. 2, in line with market expectations. The decision came after the Fed’s policy-making arm, the Federal Open Market Committee (FOMC), concluded its two-day meeting on Nov. 2. This was the sixth rate hike this…
Fed Raises Interest Rates by Another 0.75 Percentage Points to Cool Inflation
November 2, 2022
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Business & Marketseconomic policieseconomyFederal ReserveFOMCinterest ratesMarketsPolicies & ImpactsUSUS News
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The Federal Reserve raised the benchmark federal funds rate by 75 basis points on Nov. 2 to a target range of 3.75 to 4 percent, in line with market expectations. The decision came after the Fed’s policy-making arm, the Federal Open Market Committee (FOMC), concluded its two-day meeting on Nov. 2. It’s the sixth rate increase…
Fed Expects Restrictive Policy of Higher Interest Rates for Longer: FOMC Minutes
October 12, 2022
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The Federal Reserve will eventually slow down the pace of interest rate hikes as officials assess the cumulative effects of monetary policy adjustments, according to minutes from the September meeting of the Federal Open Market Committee (FOMC) released on Wednesday. However, the central bank reiterated its position that the Fed must adopt and maintain a restrictive…
Fed Raises Interest Rates by 0.75 Percentage Points to Highest Level Since 2008
The Federal Reserve raised the benchmark federal funds rate by 75 basis points to a new target range of 3 to 3.25 percent on Wednesday, matching market expectations. This is the third consecutive three-quarter point rate hike, as the Federal Open Market Committee (FOMC) lifted interest rates to their highest levels since 2008. Markets had…
Fed Raises Interest Rates by 0.75 Percentage Point to Highest Level Since 2008
The Federal Reserve raised the benchmark federal funds rate by 75 basis points to a target range of 3 percent to 3.25 percent on Sept. 21, matching market expectations. Fed officials indicated that further big increases were likely at two remaining meetings this year. The Federal Open Market Committee (FOMC) has lifted its benchmark rate…
Federal Reserve Still Doesn’t See Evidence of Easing Inflation Pressures: FOMC Minutes
The Federal Reserve doesn’t see much evidence that broad-based inflationary pressures are easing and that 40-year-high inflation will take time to resolve, minutes from last month’s Federal Open Market Committee (FOMC) revealed on Aug. 17 (pdf). “Participants agreed that there was little evidence to date that inflation pressures were subsiding. They judged that inflation would…
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