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3232Federal Reserve Hikes Benchmark Bank Rate by 75bps to Battle Elevated Inflation
https://www.digit.info/federal-reserve-hikes-benchmark-bank-rate-by-75bps-to-battle-elevated-inflation/
Wed, 21 Sep 2022 19:00:19 +0000https://www.digit.info/2022/09/21/federal-reserve-hikes-benchmark-bank-rate-by-75bps-to-battle-elevated-inflation/Read more]]>The U.S. Federal Reserve raised the federal funds rate on Wednesday afternoon by three-quarters of a percentage point. The central bank’s move follows the consumer price index (CPI) report last week that showed U.S. inflation jumped last month by 8.3% per annum. Fed Raises Federal Funds Rate by 75bps anticipates ‘Ongoing Increases’ On September 21, […]
]]>Despite the White House Debate, Critics Insist US Officially in a Recession After 2 Consecutive Quarters of Negative GDP Growth
https://www.digit.info/despite-the-white-house-debate-critics-insist-us-officially-in-a-recession-after-2-consecutive-quarters-of-negative-gdp-growth/
Thu, 28 Jul 2022 15:00:55 +0000https://www.digit.info/2022/07/28/despite-the-white-house-debate-critics-insist-us-officially-in-a-recession-after-2-consecutive-quarters-of-negative-gdp-growth/Read more]]>The U.S. economy has declined for the second-straight quarter as the country’s gross domestic product (GDP) declined by 0.9% in Q2. The Bureau of Economic Analysis’s summary of the U.S. GDP follows the recent debate over the technical definition of a recession. America’s Q2 GDP Data Points to a Recession One of the principal agencies […]
]]>Fed Hikes Benchmark Bank Rate by 75 bps, Elizabeth Warren Says Central Bank Could ‘Trigger a Devastating Recession’
https://www.digit.info/fed-hikes-benchmark-bank-rate-by-75-bps-elizabeth-warren-says-central-bank-could-trigger-a-devastating-recession/
Wed, 27 Jul 2022 18:39:36 +0000https://www.digit.info/2022/07/27/fed-hikes-benchmark-bank-rate-by-75-bps-elizabeth-warren-says-central-bank-could-trigger-a-devastating-recession/Read more]]>On Wednesday, the U.S. Federal Reserve raised the federal funds rate by 75 basis points (bps) in order to tame inflation and stabilize the American economy. The recent rate hike is the U.S. central bank’s third rate increase after increasing the benchmark rate by 50 bps last March. Fed Hikes Rate by 75 bps for […]
]]>Analysts Suspect the Fed Will Bump Federal Funds Rate by 75 bps Next Week, Others Predict the ‘Biggest Hike in Decades’
https://www.digit.info/analysts-suspect-the-fed-will-bump-federal-funds-rate-by-75-bps-next-week-others-predict-the-biggest-hike-in-decades/
Wed, 20 Jul 2022 16:30:24 +0000https://www.digit.info/2022/07/20/analysts-suspect-the-fed-will-bump-federal-funds-rate-by-75-bps-next-week-others-predict-the-biggest-hike-in-decades/Read more]]>Following the recent U.S. consumer price index report that indicated inflation in America has reached a 40-year high, many expect the Federal Reserve to hike the benchmark interest rate by 75 to 100 basis points (bps) on July 26. Blackstone’s Private Wealth Solutions expects the Fed to raise the rate by 75 bps and bankrate.com […]