• Skip to main content
  • Skip to header right navigation
  • Skip to site footer
Bautis Financial

Bautis Financial

Secure your Castle, Achieve your Dreams.

  • Schedule a Call
  • Podcasts
    • Agent of Wealth
    • Clear a Path
  • About
    • Our Approach
    • Our Team
    • Our Difference
  • Who We Work With
    • Individuals and Families
    • Small Business Owners
    • Retirees and Pre-Retirees
    • 401k Plan Sponsors
  • Insights
    • Blog
    • Business Valuation Advisor
    • College Planning Hub
    • Discover How
    • Learning Center
    • Risk Score
  • Client Access
    • Wealth Center
    • Orion

The Federal Reserve Raises Interest Rates Another 0.75%

September 22, 2022 by Bautis Financial
The Federal Reserve Raises Interest Rates Another 0.75%

The Central Bank's benchmark lending rate target is now 3-3.25%, the highest it's been since 2008.

Yesterday, the Federal Reserve announced a third-straight three-quarter-point interest rate hike, aimed at reducing persistently high inflation. The aggressive hike takes the central bank’s benchmark lending rate to a new target range of 3% to 3.25%, the highest it’s been since the global financial crisis in 2008.

Typically, rate increases come in 0.25% increments, but the Federal Reserve has been using suppressed hikes to curb the rate of inflation, which is currently up 8.3% year over year. By increasing its key interest rate, the central bank aims to discourage spending, which can reduce inflation for the prices of goods and services.

The downside is the policy change will likely cause economic hardship for millions of American businesses and households by increasing the cost of borrowing for things like homes, cars and credit cards.

In a press conference following the central bank’s policy announcement, Jerome Powell said, “No one knows whether this process will lead to a recession or, if so, how significant that recession would be.”

Get instructions on how to enable our Flash News Briefing skill to your Amazon devices:

Bautis Financial’s Amazon Alexa Daily Flash News Briefing
Category: Finance NewsTag: Interest Rate Hikes, Interest Rates, The Federal Reserve
Previous Post: « Life Insurance for Moms How Moms Can Make the Most of Life Insurance
Next Post: Episode 123 – How to Use Sustainability to Practically Add Value to Your Home With Erin Shine Erin Shine Founder of Attainable Home »

Subscribe to Our Insights

Sign up to receive valuable financial insight and updates straight to your inbox each week.

Social

Follow along on social media

Contact

Bautis Financial
7 North Mountain Ave
Montclair, NJ 07042
Get directions
862-205-5800
Contact

Navigation

  • Schedule a Call
  • Podcasts
    • Agent of Wealth
    • Clear a Path
  • About
    • Our Approach
    • Our Team
    • Our Difference
  • Who We Work With
    • Individuals and Families
    • Small Business Owners
    • Retirees and Pre-Retirees
    • 401k Plan Sponsors
  • Insights
    • Blog
    • Business Valuation Advisor
    • College Planning Hub
    • Discover How
    • Learning Center
    • Risk Score
  • Client Access
    • Wealth Center
    • Orion

Copyright © 2023 · Bautis Financial · All Rights Reserved · Powered by Mai Theme

Return to top