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Fed set to impose another big rate hike to fight inflation

Summary by Ground News
The Fed will raise its key rate to a range of 2.25% to 2.5%. The decision follows a jump in inflation to 9.1%, the fastest annual rate in 41 years. By raising borrowing rates, the Fed makes it costlier to take out a mortgage.
4 months ago·Washington, United States

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Fed set for another big rate hike with economy on knife's edge

But with war still raging in Ukraine, and Covid-19 causing ongoing issues in Asia, avoiding an economic downturn will require luck and depend on many factors outside the Federal Reserve's control.As families struggle to make ends meet amid surging prices for gas, food and housing, and a rising number of Americans take on second jobs to pay the bills

4 months ago·Mumbai, India
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U.S. raises benchmark interest rate again, to maintain inflation fight

The U.S. central bank did what it was expected to do on Wednesday, raising its benchmark lending rate by three quarters of a percentage point as it steps up its battle to rein in runaway inflation.

4 months ago·Canada
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U.S. Federal Reserve set to impose another big rate hike to fight inflation

With inflation at a four-decade high, the job market strong and consumers still spending, the U.S. Federal Reserve is under pressure to continue raising interest rates aggressively.

4 months ago·Toronto, Canada
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Fed unleashes another big rate hike in bid to curb inflation; hikes interest rates by 75 basis points

The Federal Reserve raised its benchmark interest rate by a hefty three-quarters of a point for a second straight time in its most aggressive drive in three decades to tame high inflation

4 months ago·India
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Fed Unleashes Another Big Rate Hike In Bid To Curb Inflation

WASHINGTON (AP) — The Federal Reserve on Wednesday raised its benchmark interest rate by a hefty three-quarters of a point for a second straight time in its most aggressive drive in three decades to tame high inflation.The Fed’s move will raise its key rate, which affects many consumer and business loans, to a range of 2.25% to 2.5%, its highest level since 2018.The central bank’s decision follows a jump in inflation to 9.1%, the fastest annual …

4 months ago·United States
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Fed set to impose another big rate hike to fight inflation

Conflicting signs about the health of the U.S. economy have thrust the Federal Reserve into a difficult spot.

4 months ago·United States
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