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

Fed raises key rate by quarter-point despite bank turmoil

WASHINGTON — The Federal Reserve extended its year-long fight against high inflation Wednesday by raising its key interest rate by a quarter-point despite concerns that higher borrowing rates could worsen the turmoil that has gripped the banking system.

Bank of England hikes rates by quarter-point, following US Federal Reserve in focusing on inflation despite bank turmoil

Bank of England hikes rates by quarter-point, following US Federal Reserve in focusing on inflation despite bank turmoil

Fed raises key rate by quarter-point despite bank turmoil - West Hawaii Today

WASHINGTON (AP) — The Federal Reserve extended its year-long fight against high inflation Wednesday by raising its key interest rate by a quarter-point despite concerns that higher borrowing rates could worsen the turmoil that has gripped the banking system.

Fed raises key rate by quarter-point despite bank turmoil

WASHINGTON — The Federal Reserve extended its year-long fight against high inflation Wednesday by raising its key interest rate by a quarter-point despite concerns that higher borrowing rates could worsen the turmoil that has gripped the banking system.

Fed Raises Key Rate by Quarter-Point Despite Bank Turmoil

The Federal Reserve extended its year-long fight against high inflation by raising its key interest rate by a quarter-point despite concerns that higher borrowing rates could worsen the turmoil that has gripped the banking system. Fed Chair Jerome Powell sought to reassure Americans that it is safe to leave money in their banks, two weeks after a rush of depositors pulled funds from Silicon Valley Bank, which collapsed in the second-biggest bank…

Fed raises key rate by quarter-point despite bank turmoil

At the same time, the Fed warned that the financial upheaval stemming from the collapse of two major banks is “likely to result in tighter credit conditions” and “weigh on economic activity, hiring and inflation.”