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Announced biggest rate hike since 1994 to continue combat inflation. George dissented, preferring a 50-basis-point upward adjustment to the policy rate. Official statement: May 4, 2022 0.75%–1.00% 1.00% 9–0 Announced biggest rate hike since May 2000 to combat inflation. Official statement: March 16, 2022 0.25%–0.50% 0.50% 8–1
The producer price index released a day earlier on January 14 reported a modest 0.3% increase ... The current federal funds target interest rate is 4.25% to 4.50%. The Federal Reserve’s Federal ...
Federal Reserve Board Chairman Jerome Powell speaks during a news conference following the announcement that the Federal Reserve raised interest rates by half a percentage point, at the Federal ...
The Federal Reserve held interest rates steady Wednesday as policymakers weigh the direction of inflation and the potential effect of economic policies expected from the new Trump administration.
The Fed on Wednesday lowered its benchmark rate by 0.50 percentage points, a critical pivot after the central bank introduced a flurry of rate hikes to tame the pandemic's high inflation.
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 Federal Reserve chairman offered a warning to investors who believe the Fed is finished raising rates and will soon pivot to cutting. ... The full effects of the Fed’s aggressive rate hikes ...
WASHINGTON (AP) — The Federal Reserve is poised this week to raise its benchmark interest rate for an eighth time since March. But the Fed will likely announce a smaller hike for a second ...