The Fed hikes interest rates by a quarter point and hints at another increase this year | CNN Business

  • 📰 CNN
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 95%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

The Federal Reserve raised its benchmark lending rate by a quarter point Wednesday, lifting interest rates to their highest level in 22 years.

It’s the 11th rate increase since the Fed began its inflation fight in March 2022, bringing the lending rate to a range of 5.25-5.5%, and comes just one month after the central bank hit pause in order to assess the state of the economy after the failures of three regional banks since the spring. Fed officials are estimating one more rate hike this year, according to their latest set of projections.

Inflation’s steady slowdown in recent months has been encouraging for American consumers and businesses, but officials reiterated in their post-meeting statement that “inflation remains elevated” and that the Fed “remains highly attentive to inflation risks,” suggesting that another rate hike remains on the table.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 4. in BE

Belgique Dernières Nouvelles, Belgique Actualités