The Federal Reserve raised interest rates by 0.75 percentage point on Wednesday during the July Federal Open Market Committee (FOMC) policy meeting. The FOMC’s three-quarter-point hike lifted the benchmark fed funds rate to the range of 2.25–2.5 percent. It was a unanimous decision among central bank officials. In addition, the Fed’s balance-sheet reduction efforts will…
Fed Raises Interest Rates by 0.75 Percentage Point to Combat Inflation
Fed Increases Rates by Another 0.75 Percentage Point as Inflation Soars
The Federal Reserve raised interest rates by another 0.75 percentage point on Wednesday during the July Federal Open Market Committee (FOMC) policy meeting. This is in line with market expectations and similar to the historic move the central bank made in June. The FOMC’s three-quarter-point hike lifted the benchmark fed funds rate to the range of…
Fed Boosts Rates by Another 0.75 Percentage Point as Inflation Soars
The Federal Reserve raised interest rates by another 0.75 percentage point on July 27 during the July Federal Open Market Committee (FOMC) policy meeting. This is in line with market expectations and similar to the historic move the central bank made in June. The FOMC’s three-quarter-point boost lifted the benchmark fed funds rate to the range…
European Central Bank Delivers Forecast-Beating Rate Hike As Inflation Soars
Policymakers at the European Central Bank (ECB) have decided to raise the benchmark interest rate by 50 basis points, exceeding market expectations and marking the first time in 11 years that the bloc’s monetary authorities have hiked rates. The move brings the ECB’s policy rate up to zero percent from negative territory, where rates had…
Fed Not Ready to Endorse 100-Basis-Point July Rate Hike Despite High Inflation: Officials
After last week’s red-hot June inflation reading that surged to 9.1 percent, traders increasingly bet that the Federal Reserve could raise the benchmark interest rate by 100 basis points at the July Federal Open Market Committee (FOMC) policy meeting. The latest odds of a 100-basis-point sit at 31 percent, according to the CME FedWatch Tool….
Fed Unlikely to Endorse 100-Basis-Point Rate Hike Despite High Inflation: Officials
After last week’s red-hot June inflation reading that surged to 9.1 percent, traders increasingly bet that the Federal Reserve could raise the benchmark interest rate by 100 basis points at the July Federal Open Market Committee (FOMC) policy meeting. The latest odds of a 100-basis-point sit at 31 percent, according to the CME FedWatch Tool….
ARK’s Wood Says Fed Is Making a ‘Mistake,’ Sees Stocks Bottoming
July 14, 2022
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NEW YORK—The Federal Reserve is ignoring signs of deflation as it continues its aggressive interest rate-hike plan to combat inflation and will soon be forced to make a dovish pivot, star stock picker Cathie Wood of Ark Invest said in a webinar on Tuesday. “The market has figured out the Fed is making a mistake,”…
Debt-Financed Government Spending Imposes ‘Real Economic Costs’ on Canadians: Study
The notion that debt-financed government spending has a “low fiscal cost” is not only misleading, but also hides the fact that it has real economic costs, even when the interest rates are very low, a recent study says. “There is no free lunch when it comes to debt-financed government spending. Even with record low interest…
Navigating Today’s Daunting Housing Market
It has not been a great year for Wall Street and the economy. In an effort to combat rampant inflation, the Federal Reserve (Fed) raised interest rates in early May. In June, the Fed increased interest rates once again, by 75 basis points, marking the largest increase in a single meeting since the early 1990s….
Will the Fed Cause a Recession by Raising Rates? Here’s What Experts Are Saying
By Sarah Foster From Bankrate.com High inflation comes with a heavy economic price, but so can the Federal Reserve’s attempts to get it under control. The Fed has a tried-and-true method for curing inflation: raising interest rates. But it’s a blunt instrument, with no room to fine-tune specific corners of the economy. Hiking borrowing costs…
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