Fed raises interest rates by 25 basis points in smallest hike since March

Summary by The Hill

The Federal Reserve raised interest rates by 0.25 percentage points on Wednesday at its first meeting of the year, its eighth straight rate hike since it began a program of tightening borrowing costs last year in an effort to bring down inflation.

Published 2 months ago · Washington, United States

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Times of India

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.

2 months ago·Mumbai, India

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Reuters

Fed delivers small rate increase; Powell suggests 'couple' more hikes coming

The Federal Reserve said on Wednesday it had turned a key corner in the fight against high inflation, but that "victory" would still require its benchmark overnight interest rate to be increased further and remain elevated at least through 2023.

2 months ago·United Kingdom

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USA Today

Fed hikes key interest rate a quarter-point, says more increases ahead

The Federal Reserve extended its fight against high inflation Wednesday by raising its key interest rate by a quarter-point, its eighth hike since March. (Feb. 1)

2 months ago·United States

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