Published 2 years ago • loading... • Updated 2 years ago

Fed set to raise rates by 0.75 percentage points for fourth time in a row

Summary by Ground News

US interest rates now stand at3.75% to 4% up from 3% to 3.25% since the last increase in September. The rate had been 0% at the beginning of this year but the Fed has progressively increased the figure across five announcements. Not since the early 1980s has the Fed embarked on such an aggressive monetary-tightening campaign.

14 Articles

All

Left

Center

Right

El Mundo

The Fed raises interest rates by 0.75 points to close to 4% in the sixth increase this year

The United States Federal Reserve remains steadfast in its efforts to curb inflation that has been unprecedented since the 1980s. As planned, the president of the Fed,...

2 years ago·Madrid, Spain

Read Full Article

La Presse

United States | The Fed raises its rate by 0.75 percentage points

The American central bank raised its rates to their highest level in nearly 15 years on Wednesday, and plans to continue to raise them, seeking at all costs to curb high inflation, a task complicated, however, by the threat of recession.

2 years ago·Montreal, Canada

Read Full Article

24ur.com

Fed raised interest rate 0.75 percentage point for fourth time in a row

The U.S. Central Bank's Federal Reserve (Fed) Open Market Committee raised the main interest rate by 0.75 percentage points for the fourth time in a row. Markets anticipated the rise and, amid persistently high inflation, the Fed continues the sharpest monetary policy tightening dynamic since the 80s of the past century. The interest rate at which banks lend money to each other overnight is now at the level of 3.75 per cent to 4.00 per cent, the…

2 years ago·Ljubljana, Slovenia

Read Full Article

Sky News UK

US interest rates see fourth 0.75 percentage point rise to tackle inflation

America is to continue its aggressive monetary tightening campaign to tackle inflation driving cost of living concerns, with economic hardship likely to result.

2 years ago·United Kingdom

Read Full Article

Irish Times

Fed raises interest rates by 0.75 points for fourth time in a row

US central bank’s move is latest salvo in long-running battle to bring down persistently high inflation

2 years ago·Dublin, Ireland

Read Full Article

Svenska Dagbladet

Fed raises interest rate by 0.75 percentage points

Fedchefen Jay Powell höjde som förväntat räntan med 0,75 procentenheter. Samtidigt signalerade centralbanken att den kanske blir försiktigare med höjningar framöver. Något som fick de amerikanska börserna att stiga.

2 years ago·Stockholm, Sweden

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year