BREAKING: The Fed is raising interest rates another quarter point, bringing it to the highest level in 16 years.
The Federal Reserve raised its key interest rate another quarter of a percentage point on Wednesday in its ongoing bid to crush inflation, but indicated it could pause the increases to assess the impact of monetary tightening on the U.S. economy.it would raise its benchmark rate to a range between 5% and 5.25%, the highest level since 2007. The increase is the 10th straight interest-rate hike since last March in what has been the most aggressive rate-hiking regime since the 1980s.
In its statement issued Wednesday, the Federal Open Markets Committee signaled this could be the last increase, deleting a reference to"future increases" that appeared in prior statements and noting that"Tighter credit conditions for households and businesses are likely to weigh on economic activity, hiring and inflation."
Fed Chair Jerome Powell is set to address reporters at 2:30 p.m. Eastern time, when he will lay out his latest outlook for the economy.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Fed playbook: Which stocks to buy or sell depending on what the Fed doesCNBC Pro screened for names screened that are the most sensitive to interest rates by looking at the 100-day correlation between each S&P 500 stock and SHY ETF.
Baca lebih lajut »
Breaking: Fed hikes policy rate by 25 bps to 5-5.25% as expectedThe US Federal Reserve (Fed) announced on Wednesday that it raised the policy rate, federal funds rate, by 25 basis points to the range of 5-5.25% fol
Baca lebih lajut »
Fed increases rates a quarter point and signals a potential end to hikesThe Federal Reserve on Wednesday released its decision on interest rates following a two-day meeting.
Baca lebih lajut »
The Fed lifts rates by a quarter point | CNN BusinessThe Federal Reserve voted unanimously to raise interest rates by a quarter point Wednesday, the tenth rate hike since the central bank started its battle against inflation last March.
Baca lebih lajut »
Fed raises interest rate a quarter-point; 10th hike in past year to fight inflationThe Federal Reserve raised a key interest rate Wednesday by a quarter percentage point, the 10th increase in just over a year that is hitting consumers with higher costs for home mortgages, auto loans and credit card balances.
Baca lebih lajut »
S&P, Dow edge higher as JPMorgan gains; Fed meet in focus By Reuters*U.S. STOCKS RISE AS JPMORGAN GAINS AFTER FIRST REPUBLIC TAKEOVER; S&P 500 HITS HIGHEST SINCE FEB. 2 $DIA $SPY $QQQ 🇺🇸🇺🇸
Baca lebih lajut »