27.6 C
New York

Tag: point

Fed likely to hike rates by three-quarters of a point this week

Markets are beginning to anticipate an even faster pace of interest rate hikes, and Federal Reserve officials apparently are contemplating the possibility as well.Central bank policymakers are entertaining the idea of a 75 basis point increase to the Fed's benchmark funds rate that...

Powell says Fed could hike rates by 0.75 percentage point in July

Federal Reserve Chair Jerome Powell said Wednesday the central bank could raise interest rates by a similar magnitude at the next policy meeting in July as it did in June."From the perspective of today, either a 50 basis point or a 75 basis...

Fed hikes its benchmark interest rate by 0.75 percentage point, the biggest increase since 1994

The Federal Reserve on Wednesday launched its biggest broadside yet against inflation, raising benchmark interest rates three-quarters of a percentage point in a move that equates to the most aggressive hike since 1994.Ending weeks of speculation, the rate-setting Federal Open Market Committee took...