Published 1 year ago

Federal Reserve hikes interest rates by 75 basis points for fourth time this year

Summary by Ground News

The Federal Reserve raised its key interest rate by a substantial three-quarters of a point for a third straight time. It is the fourth consecutive 75 basis point hike issued by the Fed and sixth interest rate increase since March. Higher borrowing costs tend to slow the economy as households and businesses have less money to spend on goods and services.

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Times of India

Fed hikes again by 75 basis points, hints at entering end phase

In a new sentence in the statement, the Fed also said: “In determining the pace of future increases in the target range, the Committee will take into account the cumulative tightening of monetary policy, the lags with which monetary policy affects economic activity and inflation, and economic and financial developments.”

1 year ago·India

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News18 India

US Fed Announces Fourth Straight 0.75 Point Rate Hike

The Fed's aggressive rate hikes this year so far have not had a noticeable impact on prices, but increase the risk the US economy could suffer a recession even as the job market remains strong

1 year ago·India

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The Guardian

Fed announces sixth consecutive hike in US interest rates to fight inflation

Fed officials have now imposed the sharpest increases in interest rates since the 1980s, as the cost of living crisis batters consumers

1 year ago·London, United Kingdom

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The Hindu

U.S. Federal Reserve unleashes another big rate hike but hints at a pullback

The Fed’s move raised its key short-term rate to a range of 3.75% to 4%, its highest level in 15 years. It was the central bank’s sixth rate hike this year

1 year ago·India

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The Independent

Federal Reserve announces fourth straight interest rate hike to combat inflation

Federal Reserve Chairman Jerome Powell warns ‘we still have some ways to go’ on curbing inflation

1 year ago·London, United Kingdom

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Reuters

Fed jacks up interest rates again, hints at smaller increases ahead

The Federal Reserve raised interest rates by three-quarters of a percentage point again on Wednesday and said its battle against inflation will require borrowing costs to rise further, yet signaled it may be nearing an inflection point in what has become the swiftest tightening of U.S. monetary policy in 40 years.

1 year ago·United Kingdom

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