The Federal Reserve raised interest rates to a 22-year high on Wednesday, following a brief break in rises during the central bank’s attempts to keep unprecedented inflation under control.
The Federal Reserve resumed its aggressive rate hikes to tackle inflation, raising the interest rate by a quarter-point today.
The Federal Reserve presents its semi-annual Monetary Policy Report.
Inflation cools to 4%, that’s the lowest in 2 years, but it’s still well above the pre-pandemic average and the Fed’s target rate of 2%.
The Federal Reserve has raised interest rates by a quarter-point, marking the10th consecutive rate hike and moving the benchmark rate to a range of 5% to 5.25%, the highest in 16 years.
The Federal Reserve is about to make its next move by announcing another rate increase on May 3rd.
Many continue to keep an eye on the Federal Reserve with regard to interest rates, especially those looking to purchase a home.
Just a few weeks ago, many expected the Federal Reserve to continue raise interest rates.
As the Federal Reserve is expected to raise interest rates at the fastest pace in recent memory, banking experts warn of the increasingly limiting consequences
The FDIC shut down Signature Bank on Sunday in efforts to prevent a growing banking crisis.