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US makes biggest interest rate rise in 22 years

Summary by Ground News

The Fed is raising interest rates by a half-percentage point. It's the first time in 22 years that the central bank has hiked rates this much. The decision was unanimous, with all 12 members of the policy-setting Federal Open Market Committee agreeing on it. The bank warned that the pandemic-related lockdowns in China will likely weigh on already battered supply chains.

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Hürriyet Daily News

US Fed makes biggest rate increase since 2000 to fight inflation

The Federal Reserve on May 4 announced its biggest rate hike since 2000, with a half percentage point increase as it works to crush soaring US inflation.

3 years ago·Türkiye

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Latestly

US Federal Reserve Raises Interest Rates by 0.5%, Sharpest Hike in 22 Years

According to the statement, the committee also decided to begin reducing its holdings of Treasury securities and agency debt and agency mortgage-backed securities on June 1, reports Xinhua news agency. US Federal Reserve Raises Interest Rates by 0.5%, Sharpest Hike in 22 Years.

3 years ago

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The Ohio Star

Federal Reserve Raises Interest Rates by Half Percentage Point, in Effort to Slow Inflation - The Ohio Star

– – –Background Photo “Federal Reserve” by AgnosticPreachersKid CC 3.0.The post Federal Reserve Raises Interest Rates by Half Percentage Point, in Effort to Slow Inflation appeared first on The Ohio Star.

3 years ago·Ohio, United States

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Xinhua

U.S. Fed raises interest rates by half point, ramping up inflation fight

U.S. Fed raises interest rates by half point, ramping up inflation fight-

3 years ago·China

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The Globe & Mail

U.S. Federal Reserve raises interest rate by half point, largest hike in two decades

Widely anticipated move puts the U.S. Federal Reserve on track to reduce monetary stimulus at the fastest pace in decades

3 years ago·Canada

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Penn Live

Fed hopes biggest rate hike in 22 years tames inflation: 3 essential reads on what it all means

The Fed says it’s serious about taming consumer prices and believes it can execute what’s known as a “soft landing,” in which inflation slows down without seriously damaging the economy.But the higher rates go, the more economic activity will slow.

3 years ago·Harrisburg, United States

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