Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - *Updated* Ongoing Bank of Canada Benchmark Rate Announcements

The Fonz · 07-27-2022, 02:04 PM

Federal Reserve raises interest rates by 0.75%, matching June's historic move
https://finance.yahoo.com/news/feder...140540265.html

The Federal Reserve on Wednesday raised interest rates by 0.75% as the central bank attempts to avoid a deep recession.

The decision to move by 0.75% matched the magnitude of the Fed’s last move in June, which was its largest single-meeting rate increase since 1994. Wednesday's decision was unanimously agreed upon by voting members of the Federal Open Market Committee.

The Fed has now moved in four consecutive meetings to increase borrowing costs in America, extending its effort to dampen household and business spending. The goal: to wrangle inflation running at rates unseen since the early 1980s.

07-27-2022, 02:04 PM	#147
The Fonz Our Jessica Fletcher Join Date: Dec 2004 Exp:	Federal Reserve raises interest rates by 0.75%, matching June's historic move https://finance.yahoo.com/news/feder...140540265.html The Federal Reserve on Wednesday raised interest rates by 0.75% as the central bank attempts to avoid a deep recession. The decision to move by 0.75% matched the magnitude of the Fed’s last move in June, which was its largest single-meeting rate increase since 1994. Wednesday's decision was unanimously agreed upon by voting members of the Federal Open Market Committee. The Fed has now moved in four consecutive meetings to increase borrowing costs in America, extending its effort to dampen household and business spending. The goal: to wrangle inflation running at rates unseen since the early 1980s.