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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Reuters

United Kingdom

Fed raises rates, opens door to pause in tightening cycle

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.

Media Bias/Fact Check

Times of India

India

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

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

Ad Fontes Media

All Sides

BBC News

Government of the United Kingdom

Fed raises US interest rates to highest in 16 years

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

The Hindu

The Hindu Group

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

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.

News18 India

Mukesh Ambani

Wall Street Stocks Drop as Federal Reserve Raises Interest Rates

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

The Independent

Evgeny Lebedev

London

Greater London

England

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

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.

The Woodbridge Company

The Federal Reserve reinforced its fight against high inflation by raising its key interest rate by a quarter-point to the highest level in 16 years. But the Fed also signaled

Associated Press News

Independent Media

United States

The Federal Reserve reinforced its fight against high inflation by raising its key interest rate by a quarter-point to the highest level in 16 years. But the Fed also signaled that it may now pause its streak of 10 rate hikes, which have made borrowing for consumers and businesses steadily more expensive. (3 May 2023)

USA Today

Gannett

Fed Raises Key Rate But Hints It May Pause

Rate hikes have contributed to a banking crisis and economic slowdown this year.

abc News

The Walt Disney Company

Fed raises interest rates 0.25%, escalating inflation fight amid banking woes

As expected, the U.S. Federal Reserved raised its benchmark interest rate on Wednesday. 

Global News

Corus Entertainment

Toronto

Ontario

Canada

U.S. Fed raises rates but signals possible pause to assess bank failures - National

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

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

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