Fed Hikes Interest Rates By 75 Basis Points Again
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comments and news from net, Posted in Business Economics
The Federal Reserve on Wednesday raised its benchmark interest rate target by three-quarters of a percentage point.
https://www.blacklistednews.com/article/82986/interest-rate-hikes-will-not-save-us.html
https://www.naturalnews.com/2022-07-28-fed-rate-hike-to-unleash-avalanche-of-home-foreclosures-and-market-drops-while-still-doing-little-to-halt-skyrocketing-inflation.html
The Federal Open Market Committee, which sets interest rate policy, said its target rate for overnight interbank funding would rise to a range of 2.25 percent to 2.5o percent, up from the 1.50 to 1.75 percent the Fed set last month. In addition, the Fed said it would raise the rate it pays on reserve balances to 2.40 percent.
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