The Federal Open Market Committee (FOMC) voted to increase the fed funds rate by 75 basis points at its meeting on July 26-27 2022. The new target range for fed funds is 2.25% to 2.50%. It cited robust job gains a low unemployment rate and elevated inflation as its reasons.
Fed hikes interest rates by 0.75 percentage point - CNBC
27/07/2022 — The Federal Reserve on Wednesday enacted its second consecutive 0.75 percentage point interest rate increase taking its benchmark rate to a ...
Implementation Note issued July 27 2022
27/07/2022 — The Board of Governors of the Federal Reserve System voted unanimously to raise the interest rate paid on reserve balances to 2.4 percent ...
Fed July 2022 Interest Rate Hike What It Means for You | Money
27/07/2022 — The U.S. central bank announced Wednesday that it is hiking interest rates by 0.75%. Its the fourth increase in five months The Fed raised ...
Another big Fed rate hike to battle inflation. Economy hangs in balance
27/07/2022 — U.S. Federal Reserve raises rates for fourth time in 2022 this time by another three-quarters of a percentage point to battle inflation.
United States Fed Funds Rate - 2022 Data - Trading Economics
The Federal Reserve increased the funds rate by 75bps to 1.5%-1.75% during its June 2022 meeting instead of 50bps initially expected. 2022-07-06. Related. Week ...
What the Feds latest interest-rate hike means for your money - CBS News
28/07/2022 — Wednesdays rate hike will increase the federal funds rate — the rate that determines borrowing between banks — to about 2.25% to 2.50% which ...
Fed jacks rates again Powell vows no surrender in inflation battle | Reuters
July 27 2022454 PM PDTLast Updated 16 days ago ... and production have softened a nod to the fact that the aggressive rate hikes they have put in place ...
Fed hikes rates by three-quarters of a percentage point to fight inflation
27/07/2022 — The increase marks the Federal Reserves fourth rate hike to help cool ... Updated July 27 2022 at 408 p.m. EDT|Published July 27 2022 at ...
Our monetary policy statement at a glance - July 2022
We raised interest rates by 0.5 percentage points. This is a further step in normalising our monetary policy. · We agreed on a new instrument to make sure that ...