Tag Archives: Federal Open Market Committee

The Federal Reserve Hikes Interest Rates by 0.75 Percent, the Highest Since 1994, in an Effort to Control Inflation

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The Federal Reserve Hikes Interest Rates by 0.75 Percent, the Highest Since 1994, in an Effort to Control Inflation

The Federal Reserve hiked interest rates by 0.75 percent on Wednesday, the most in a single meeting since 1994. The Fed signaled that further interest rate rises will occur this year, as the Fed relies on increased borrowing costs to reduce the excessive demand that is contributing to higher-than-expected inflation…. Continue reading →

Here’s What the Fed Is Expected to Announce, Including the Biggest Rate Raise in 28 Years

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Here’s what the Fed is expected to announce, including the biggest rate raise in 28 years

The Federal Reserve is likely to raise interest rates by three-quarters of a percentage point on Wednesday, something it hasn’t done in 28 years. In reaction to rising inflation and unpredictable financial markets, the central bank will hike the rate that banks charge each other for overnight borrowing to a range… Continue reading →