Published 05/03/2023 6:04:43 p.m.

Fed increases rates a quarter point and signals a potential end to hikes

Summary by Ground News

The Federal Reserve on Wednesday approved its 10th interest rate increase in just a little over a year and dropped a tentative hint that the current tightening cycle is at an end.

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Times of India

US Fed raises rate by 25 bps, signals pause; interest rates reach highest in 16 years

The US monetary policy committee, seeking to achieve inflation at the rate of 2 per cent in the long run, hiked key interest rate by another 25 basis points to 5.0-5.25 per cent at its latest two-day review meet held during May 2-3.

05/04/2023 4:21:00 a.m.·India

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BBC News

Fed raises US interest rates to highest in 16 years

The US central bank announces its tenth rate rise, while signalling it may be the last increase for now.

05/03/2023 6:03:19 p.m.·United Kingdom

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News18 India

Wall Street Stocks Drop as Federal Reserve Raises Interest Rates

The latest financial news on the US stock market as the Federal Reserve raises interest rates for the tenth consecutive time but signals it may pause on additional hikes.

05/03/2023 9:01:50 p.m.·India

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The Hindu

Fed raises key rate but hints it may pause amid bank turmoil

Chair Jerome Powell said the Fed would continue to monitor the latest economic data in deciding whether to pause its hikes.

05/03/2023 9:15:00 p.m.·India

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The Independent

Fed raises interest rates again but hints it may pause amid bank turmoil

The Fed’s rate increases have more than doubled mortgage rates, elevated the costs of auto loans, credit card borrowing and business loans and heightened the risk of a recession

05/03/2023 6:13:25 p.m.·London, United Kingdom

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Reuters

Fed raises rates, opens door to pause in tightening cycle

The Federal Reserve moved its management of the post-pandemic economic recovery into a new phase on Wednesday with what may be the last in a historic series of interest rate hikes and heightened attention to credit and other economic risks.

05/03/2023 6:01:07 p.m.·United Kingdom

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