Federal Reserve Chair Jerome Powell outlined his most aggressive approach to taming inflation to date, potentially endorsing two or more half percentage-point interest-rate increases while describing the labor market as overheated.
Federal Reserve Chair Jerome Powell outlined his most aggressive approach to taming inflation to date, potentially endorsing two or more half percentage-point interest-rate increases while describing the labor market as overheated.
TheΒ Federal ReserveΒ (Fed) on Wednesday raised the federal funds rate by another 75 basis points, to 3%-3.25%, bringing it back to a level last seen in March 2008.
The post Fed hikes rates by 75 bps to control still-hot inflation appeared first on HousingWire.
TheΒ Federal ReserveΒ (Fed) on Wednesday raised the federal funds rate by another 75 basis points, to 3%-3.25%, bringing it back to a level last seen in March 2008.
The post Fed hikes rates by 75 bps to control still-hot inflation appeared first on HousingWire.
Federal Reserve officials raised their main interest rate by three-quarters of a percentage point β the biggest increase since 1994 β and signaled they will keep hiking aggressively this year, resorting to drastic measures to restrain the rampant inflation they failed to forecast.Slammed by critics for not anticipating the fastest price gains in four decades and then for being too slow to respond to it, Chairman Jerome Powell and colleagues on Wednesday intensified their effort to cool pric...
Federal Reserve officials raised their main interest rate by three-quarters of a percentage point β the biggest increase since 1994 β and signaled they will keep hiking aggressively this year, resorting to drastic measures to restrain the rampant inflation they failed to forecast.Slammed by critics for not anticipating the fastest price gains in four decades and then for being too slow to respond to it, Chairman Jerome Powell and colleagues on Wednesday intensified their effort to cool pric...
The Federal Reserve Wednesday approved a 50 basis point increase to its policy interest rate in an effort to reduce inflation.
The post Federal Reserve approves interest rate hike of half a percentage point appeared first on HousingWire.
The Federal Reserve Wednesday approved a 50 basis point increase to its policy interest rate in an effort to reduce inflation.
The post Federal Reserve approves interest rate hike of half a percentage point appeared first on HousingWire.