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

Summary by Ground News

The Fed raised its key interest rate by a substantial three-quarters of a point for a third straight time. The move boosted its benchmark short-term rate to a range of 3% to 3.25%. By raising borrowing rates, the Fed makes it costlier to take out a mortgage or an auto or business loan.

2 months ago·Washington, United States

News Articles

More Filters

All

Left

Center

Right

Times of India

Federal Reserve hikes interest rates by 75 basis points to tackle economic inflation in US. Will it help?

The Federal Reserve has announced that interest rates will be raised by 75 basis points. Since inflation rose along with the demand for more employment opportunities in August, this plan has taken its course. It will hurt many homes and businesses.

2 months ago·Mumbai, India

Read Full Article

Reuters

Fed delivers another big rate hike; Powell vows to 'keep at it'

Federal Reserve Chair Jerome Powell vowed that he and his fellow policymakers would keep at their battle to beat down inflation, as the central bank hiked interest rates by three-quarters of a percentage point for a third straight time and signaled that borrowing costs would keep rising this year.

2 months ago·United Kingdom

Read Full Article

The Guardian

Fed raises interest rate by 0.75 percentage points as US seeks to rein in inflation

Third outsized rate increase in a row as central bank struggles to fight runaway inflation, increasing the cost of everything

2 months ago·London, United Kingdom

Read Full Article

Global News

Stocks whipsaw as U.S. Fed signals more rate hikes to come - National

All eyes are on the U.S. Federal Reserve on Wednesday to see not only how high interest rates go, but for a hint of where they could go next.

2 months ago·Toronto, Canada

Read Full Article

USA Today

Fed hikes interest rate 0.75 percentage point to tame inflation, and sees aggressive increases ahead. What's it mean for you?

The Fed lifted its key interest rate 0.75 percentage point for a third straight meeting to curb inflation. But the move raises the risk of recession.

2 months ago·United States

Read Full Article

Associated Press News

Fed attacks inflation with another big hike and expects more

WASHINGTON (AP) — Intensifying its fight against high inflation, the Federal Reserve raised its key interest rate Wednesday by a substantial three-quarters of a point for a third straight time and signaled more large rate hikes to come — an aggressive pace that will heighten the risk of an eventual recession.

2 months ago·United States

Read Full Article