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Fed rate hike
FED RATE HIKE NEWS
Donald Trump asks Powell to 'stop politics and cut rates' after Fed chair flags risk of higher inflation, slow growth
April 04, 2025 10:00 pm
Federal Reserve Chair Jerome Powell said there is a need to carefully monitor the impact of trade policies before deciding on any adjustments to monetary policy.
Fed lowers rates but projects slower pace of further cuts, firmer inflation
December 19, 2024 2:15 am
That is half a percentage point less in policy easing next year than officials anticipated as of September, with Fed projections of inflation for the first year of the new Trump administration jumping from 2.1% in their prior projections to 2.5% in the current ones - well above the central bank's 2% target.
Fed raises rates to highest level in 16 years; Powell leaves door open to hike in September
July 30, 2023 9:19 am
The hike, the Fed's 11th in its last 12 meetings, set the benchmark overnight interest rate in the 5.25%-5.50% range, a level last seen just prior to the 2007 housing market crash and which has not been consistently exceeded on an effective basis for about 22 years.
Fed Reserve raises rates by 25 bps, opens door to pause in tightening cycle
May 04, 2023 9:52 am
The US Federal Reserve raised its benchmark overnight interest rate by a quarter of a percentage point to the 5%-5.25% range, but in doing so dropped from its policy statement language saying that it "anticipates" further rate increases would be needed.
US adds a healthy 236,000 jobs despite Fed's rate hikes
April 07, 2023 8:47 pm
Though unemployment remains higher for people of colour than for white Americans, the unemployment rate for Black workers fell last month to 5 per cent — the lowest jobless rate for African Americans in government records dating to 1972.
SVB itself was main cause of bank's failure, says Fed official
March 28, 2023 4:37 pm
“SVB's failure is a textbook case of mismanagement,” Michael Barr, the Fed's vice chair for supervision, said
World shares mixed ahead of Fed rate hike decision
March 22, 2023 3:55 pm
Investors are awaiting an interest rate decision by the Federal Reserve, which is expected to temper its efforts to tame inflation given the recent turmoil that has wracked the banking sector.
Goldman Sachs expects three more rate hikes by Fed Reserve in 2023
February 17, 2023 2:48 pm
Goldman Sachs said it now expects the US Federal Reserve to raise interest rates three more times this year, by a quarter of a percentage point each.
US Fed's Powell says inflation battle not won, more rate hikes coming
December 15, 2022 10:34 am
He described the slow rate of economic growth penciled in by Fed officials next year as still "modest."
Fed matches year of hot inflation with feverish rate hikes
December 01, 2022 7:32 pm
The central bank's plan to fight stubbornly high prices on everything from food to clothing has been the central focus for Wall Street in 2022.
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