Economy

Federal Reserve raises interest rates 0.25 percentage point

Federal Reserve raises interest rates 0.25 percentage point

The Federal Reserve is raising its benchmark interest rate a quarter of a percentage point, officials with the central bank said on Wednesday, its eighth consecutive hike as policy makers try to subdue inflation. The latest increase in the federal funds rate — what banks charge each other for short-term loans — is smaller than …

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Fed Meeting Today: Interest Rates Hiked a Quarter Point;  Dow Down 200 Points – The Wall Street Journal

Fed Meeting Today: Interest Rates Hiked a Quarter Point; Dow Down 200 Points – The Wall Street Journal

Fed Meeting Today: Interest Rates Hiked a Quarter Point; Dow down 200 pointsThe Wall Street Journal Stock market live news updates: Stocks rally after Powell says ‘disinflationary process has started’Yahoo Finance Dow falls more than 300 points after Fed raises rates, sees ‘ongoing’ hikesCNBC Stocks open higher than earnings, Fed come into focusCNBC Television US …

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Fed’s Powell: If economy meets expectations, unlikely to see rate cuts this year

Fed’s Powell: If economy meets expectations, unlikely to see rate cuts this year

Feb 1 (Reuters) – Federal Reserve Chair Jerome Powell pushed back on Wednesday on rising hopes that the US central bank may be able to undue some of its interest rate rises this year. The current outlook holds for slower growth, modest gains in unemployment and a slow decline in inflation, Powell said in his …

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Fed hikes interest rates a quarter point: What it means for your money

Fed hikes interest rates a quarter point: What it means for your money

The Federal Reserve on Wednesday made its eighth consecutive rate hike since March of 2022. If there is a glimmer of light for weary borrowers and investors, it’s that the increase is the smallest since the central bank began pushing rates higher almost a year ago. the fed raised its key short-term rate by one-quarter …

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