Fed raises interest rates by 25 basis points in smallest hike since March
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222 Articles
Fed Hikes Interest Rates to Highest Levels in 15 Years - The Ohio Star
by John Hugh DeMastri The Federal Reserve raised its target federal-funds interest rate by a quarter percentage point Wednesday, the slowest in a series of eight hikes that began in March 2022. The hike brings the Fed’s target rate to a range between 4.5 percent and 4.75 percent, with the Fed continuing to slow its pace after six consecutive hikes of more than 0.5 percentage points, according to a Fed press release. While Fed officials have co…
Federal Reserve hikes interest rates by 25 bps, says more increases ahead
The Federal Reserve slowed its drive to rein in inflation and said further interest-rate hikes are in store as officials debate when to end their most aggressive tightening of credit in four decades. Policymakers lifted the Fed’s target for its benchmark rate by a quarter percentage point to a range of 4.5% to 4.75%. The smaller move followed a half-point increase in December and four jumbo-sized 75 basis-point hikes prior to that.
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