The Federal Reserve raised interest rates by an expected 50 basis points to a 15-year high of about four percent. The Federal Open Market Committee (FOMC) also published the latest dot-plot, which does not suggest inflation will rise any higher or the U.S. will slip into a recession next year, although the unemployment rate is […]
Interest Rates
Federal Reserve raises interest rates to highest level since 2008, signals a pivot in tightening
Interest rates now stand at their highest levels since 2008 after the Federal Reserve pulled the trigger on another 75-basis-point rate hike. The Federal Open Market Committee (FOMC) brought the benchmark fed funds rate to 3.7 percent and 4.00 percent. Investors expect the central bank will agree on another 75-basis-point increase in December. They also […]
Watch Jerome Powell’s post-FOMC press conference
Following the Federal Reserve’s decision to raise interest rates by 75 basis points, Chair Jerome Powell will hold a press conference to discuss the Federal Open Market Committee’s (FOMC) rate hike, current economic conditions, future monetary policy, and other related developments. Here is the live feed: https://www.youtube.com/watch?v=ukFnKCtptX4
Federal Reserve raises interest rates to highest levels since 2008
The Federal Reserve raised the benchmark federal funds rate by 75 basis points following the September Federal Open Market Committee (FOMC) policy meeting. This lifted the target rate to a range of 3% to 3.25%, the highest level since 2008. According to the FOMC’s dot-plot, here is what the path to future interest rates look […]
Reminder: Market is anticipating a 75-bps rate hike at September FOMC meeting
After the disappointing August consumer price index (CPI) reports, the financial markets tanked as everyone started freaking out about a potential full-point increase in interest rates at this month’s Federal Open Market Committee (FOMC) policy meeting. While it is likely the central bank will continue to hike rates and maintain its tightening campaign, the market […]