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3232US Central Bank Raises Rates by Half a Percentage Point, Fed’s Powell Says Similar Hikes Are on the Table
https://www.digit.info/us-central-bank-raises-rates-by-half-a-percentage-point-feds-powell-says-similar-hikes-are-on-the-table/
Wed, 04 May 2022 20:30:22 +0000https://www.digit.info/2022/05/04/us-central-bank-raises-rates-by-half-a-percentage-point-feds-powell-says-similar-hikes-are-on-the-table/Read more]]>The U.S. Federal Reserve raised the benchmark interest rate on Wednesday and the increase was the biggest rate hike in two decades. “Inflation is much too high,” the central bank’s chair Jerome Powell said after the Fed raised rates by 0.5%. FOMC Decides to Hike Rate by 3/4 to 1% — Increase Was the largest […]
]]>Fed’s Bullard Wants to Raise Bank Rate to 3.5% by Year’s End, Hints at 75 Basis Point Rate Hike
https://www.digit.info/feds-bullard-wants-to-raise-bank-rate-to-3-5-by-years-end-hints-at-75-basis-point-rate-hike/
Tue, 19 Apr 2022 16:00:16 +0000https://www.digit.info/2022/04/19/feds-bullard-wants-to-raise-bank-rate-to-3-5-by-years-end-hints-at-75-basis-point-rate-hike/Read more]]>The 12th president of the Federal Reserve Bank of St. Louis, James Bullard, thinks the U.S. central bank can increase the benchmark bank interest rate by 75 basis points this year. Bullard believes the Fed could raise rates to 3.5% by the fourth quarter of 2022 to combat the red hot inflation plaguing the U.S […]
]]>Fed Hikes Benchmark Bank Rate for the First Time Since 2018, FOMC Expects 6 More Increases
https://www.digit.info/fed-hikes-benchmark-bank-rate-for-the-first-time-since-2018-fomc-expects-6-more-increases/
Wed, 16 Mar 2022 19:45:57 +0000https://www.digit.info/2022/03/16/fed-hikes-benchmark-bank-rate-for-the-first-time-since-2018-fomc-expects-6-more-increases/Read more]]>On Wednesday, the Federal Open Market Committee (FOMC) and Fed chair Jerome Powell held a press conference concerning the American economy, the central bank’s plans to address inflation, and the ongoing Russia-Ukraine war. Powell announced that the FOMC decided to increase the benchmark bank rate by a quarter percentage and further noted the Fed anticipates […]