Published 1 year ago

Fed unleashes another big rate hike but hints at a pullback

Summary by Ground News

The U.S. Federal Reserve on Wednesday decided to raise its key interest rate by 0.75 percentage point for the fourth consecutive meeting. The central bank said it will lift its target range for the federal funds rate to 3.75 to 4.00 percent as widely expected. Chairman Jerome Powell said the "time is coming" to discuss the slowing of the pace of rate hikes.

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USA Today

Fed makes another rate hike but hints at a pullback

The Federal Reserve pumped up its benchmark interest rate Wednesday by three-quarters of a point for a fourth straight time but hinted that it could soon reduce the size of its rate hikes. (Nov. 2)

1 year ago·United States

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The Korea Times

Fed unleashes another big rate hike but hints at a pullback

Korea's foreign reserves continued to shrink in October as authorities unloaded dollars to support the weakening local currency, central bank data showed Thursday. ...

1 year ago·Korea, Republic of

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Business Standard

US Fed unleashes another big rate hike but hints at a pullback soon

The Federal Reserve pumped up its benchmark interest rate on Wednesday by three-quarters of a point for a fourth straight time but hinted that it could soon reduce the size of its rate hikes.

1 year ago·India

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Kyodo News+

U.S. Fed makes another massive rate hike, hints at slowing pace

The U.S. Federal Reserve decides to raise its benchmark interest rate by 0.75 percentage point for the fourth consecutive meeting.

1 year ago·Japan

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KENS

Fed unleashes another big rate hike but hints at a pullback

Powell is likely to be asked whether the Fed will slow rate hikes designed to fight inflation in the coming months.

1 year ago

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The Bradford Era

Fed unleashes another big rate hike but hints at a pullback

WASHINGTON (AP) — The Federal Reserve pumped up its benchmark interest rate Wednesday by three-quarters of a point for a fourth straight time to fight high inflation but also hinted that it could soon reduce the size of its rate…

1 year ago·Bradford, United States

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