In its final policy meeting of an eventful year, the Federal Open Market Committee on Wednesday raised the federal funds rate for the seventh straight meeting, but by 50 basis points instead of 75 basis points, as it had for the past four times.
Tag: Federal Open Market Committee
Fed Slows Pace of Rate Hikes, But Hints at More
In its final policy meeting of an eventful year, the Federal Open Market Committee on Wednesday raised the federal funds rate for the seventh straight meeting, but by 50 basis points instead of 75 basis points, as it had for the past four times.
November CPI Posts Welcome ‘Modest’ Increase
It’s not often that “modest” has economic significance, but when it refers to inflation as of late, then “modest” is perhaps a welcome description.
The Week Ahead, Dec. 12, 2022: The Fed and Five Other Things to Know
Good morning, and happy Monday! The holidays are coming up quickly, and a lot has to happen before then. Here’s what you need to know this week:
Fed Raises Rate to 15-Year High
The Federal Open Market Committee, as expected, raised the federal funds rate by 75 basis points on Wednesday to its highest level since 2008.
Ramp it Up: Fed Hikes Rates by 75bps for 3rd Straight Meeting
The Federal Open Market Committee raised the federal funds rate by another 75 basis points Wednesday to 3-3.25 percent, the third consecutive such increase and the fifth increase since March.
The Week Ahead, Sept. 19, 2022: The Fed, Housing Reports and What You Need to Know
Good morning and happy Monday! Time to gear up for a busy, busy week. Here’s what’s happening:
FOMC Raises Federal Funds Rate 75 Basis Points
The Federal Open Market Committee hiked the federal funds rate by 75 basis points on Wednesday, matching its 75 basis point increase in June.
Fed Brings Out the Big Guns
Following weeks of gloomy economic news and rising inflation, the Federal Open Market Committee pulled out nearly all the stops on Wednesday, hiking the federal funds rate by 75 basis points for the first time in nearly 30 years.
The Week Ahead, June 13, 2022: The Fed Meets; MBA Spring Meetings Conclude; and 5 Other Things to Know
Good morning and happy Monday! We mark the start of another busy week. Here’s a rundown of what’s happening: