Fed hikes rates by a quarter percentage point, indicates increases are near an end

Times of India

Lean Right

US Fed hikes interest rates by 25 bps, signals it is nearing the end of rate hikes

The Federal Reserve on Wednesday raised interest rates by a quarter of a percentage point, but indicated it was on the verge of pausing further increases in borrowing costs amid recent turmoil in financial markets spurred by the collapse of two U.S. banks.