Fed Hikes Rates by a Quarter Point and Indicates Increases May Be Nearing an End
The Federal Reserve increased interest rates by another 25 basis points yesterday, bringing the benchmark rate to a range of 4.7% to 5%.
The Federal Reserve increased interest rates by another 25 basis points yesterday, bringing the benchmark rate to a range of 4.7% to 5%.
The Federal Reserve raised interest rates by half a percentage point, a dialed back hike compared to the previous four three-quarter-point hikes.
The Central Bank is expected to approve the fourth massive interest rate hike this month, but investors are more interested in the search for signs of a slowing tightening pace.
Has the summer rally finally come to an end? Will we see more volatility in the weeks to come? In this installment of Advisor Commentary, Marc Bautis explains what’s going on in the markets.
The Central Bank's benchmark lending rate target is now 3-3.25%, the highest it's been since 2008.
Federal Reserve Chairman Jerome Powell said in his Jackson Hole speech that the central bank won’t back off of its fight against rapid inflation.