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Many experts originally expected a 0.50 percentage point increase this week, and Federal Reserve Chair Jerome Powell said at the May meeting that the agency was not considering a 0.75 hike.
The Federal Reserve held interest rates in a range of 5.25%-5.50% on Wednesday and sought to temper expectations on when the central bank will begin cutting interest rates.
The Federal Reserve pumped up its benchmark interest rate Wednesday by three-quarters of a point for a fourth straight time but hinted that it could soon reduce the size of its rate hikes. The Fed ...
"The recent string of positive economic surprises will keep the Federal Reserve on high inflation alert, but it won't tilt the Federal Open Market Committee toward another rate hike at the ...
The Federal Reserve is expected to slow its pace of interest rate increases for the second-straight meeting on Wednesday, raising its benchmark interest rate another 0.25%.
Today’s the day: The Federal Reserve is about to announce what it decided to do with interest rates at its November meeting. We already know what the Fed is likely to do: Cut interest rates by a ...
The Federal Reserve kept its key short-term interest rate unchanged Wednesday for a second straight time but left the door open to further rate hikes if inflation pressures should accelerate in ...
Stocks slide after Fed announces 0.25% rate hike: Stock market news today. ... U.S. stocks fell on Wednesday after the Federal Reserve hinted at a potential pause to its rate-hiking campaign in ...