The Fed Slows Rate Increases

Summary by Ground News

The shift down to a quarter-point increase marked a return to a slower, more orthodox pace of rate rises after the Fed rapidly ratcheted up borrowing costs last year. The latest increase by the Federal Open Market Committee brings the federal funds rate to 4.5-4.75 per cent.

Published 2 months ago

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Times of India

Fed slows rate hikes, signals further increases are coming

Policymakers lifted the Feds 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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Bloomberg

Fed slows rate hikes even as Powell says there’s more work to do

Federal Reserve Chair Jerome Powell said policymakers expect to deliver a “couple” more interest-rate increases before putting their aggressive tightening campaign on hold, even as they slowed their drive to

2 months ago·United States

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Political Wire

The Fed Slows Rate Increases

“Federal Reserve officials made their eighth interest rate increase in a year on Wednesday as they continued their fight against rapid inflation. And while policymakers slowed the pace of adjustment to give themselves more time to see how their policies are affecting the economy, they signaled further rate moves to come,” the New York Times reports. “The central bank concluded its first meeting of 2023 by announcing a quarter-point rate move, th…

2 months ago·New York, United States

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Irish Times

US Federal Reserve increases benchmark rate by a quarter of percentage point

‘Ongoing increases’ will be needed to bring price pressures under control

2 months ago·Dublin, Ireland

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Kyodo News+

U.S. Fed slows pace of rate hikes with 0.25 point increase

The U.S. Federal Reserve approves another hike in its benchmark interest rate, but at a slower pace of 0.25 percentage point, with the suggestion that "ongoing increases" will be needed to battle persistent inflation.

2 months ago·Japan

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