As part of an aggressive effort to combat high inflation, the Fed may raise interest rates by 0.75 percentage point later this month. The July 26-27 meeting left the door open for a full-point increase. In recent interviews and public comments before their premeeting quiet period, some of them dismissed… Continue reading →
Financial markets have taken a significant hit in the last week as a result of high inflation figures and an expected interest rate hike by the US Federal Reserve, raising fears of a recession. On Monday, June 13, U.S. stocks entered bear market territory, with the S&P 500, Wall Street’s… Continue reading →
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 →
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 →
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