Published 2 years ago

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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Times of India

Fed hikes rates half point, will shrink assets to curb inflation

It will begin allowing its holdings of Treasuries and mortgage-backed securities to decline in June at an initial combined monthly pace of $47.5 billion, stepping up over three months to $95 billion.

2 years ago·India

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BBC News

US makes biggest interest rate rise in 22 years

The Federal Reserve is under pressure as the US grapples with its worst inflation in four decades.

2 years ago·United Kingdom

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The Guardian

Federal Reserve announces biggest interest rate hike since 2000

Benchmark interest rate raised 0.5 percentage points, with more rises expected

2 years ago·London, United Kingdom

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The Independent

Federal Reserve raises interest rates by half point to fight inflation

The Federal Reserve has raised it benchmark interest rate by half a percentage point in a continued effort to fight inflation

2 years ago·London, United Kingdom

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Reuters

Fed lifts rates by half point, starts balance sheet reduction June 1

The Federal Reserve on Wednesday raised its benchmark overnight interest rate by half a percentage point, the biggest jump in 22 years. Fed Chair Jerome Powell said a rate increase of as much as three-quarters of a percentage point is not something officials are "actively considering."

2 years ago·United Kingdom

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Associated Press News

Fed raises key rate by a half-point in bid to tame inflation

WASHINGTON (AP) — The Federal Reserve intensified its fight against the worst inflation in 40 years by raising its benchmark interest rate by a half-percentage point Wednesday — its most

2 years ago·United States

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