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Fed Raises Interest Rate Again, by 0.25%, Despite Banking Crisis

The announced increase is the ninth consecutive rate hike by the Fed in a year as the central bank continues to fight rising inflation.

As Expected, Fed Raises Rates by 0.25 Point

The move brings the federal funds rate to a range of 4.5 percent to 4.75 percent, up from nearly zero last March.

Fed Raises Interest Rates Again, This Time by Half a Percentage Point

Powell: “I just don’t think anyone knows whether we’re going to have a recession or not, and if we do, whether it’s going to be a deep one or not."

Israel’s Coronavirus Dead at 272; US to Reach 100,000 June 1; Fed Chair: Another...

Federal Reserve Chairman Jerome Powell said the current economic slump in the US “could stretch through the end of next year.”

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Printed from: https://www.jewishpress.com/news/us-news/fed-raises-interest-rate-again-by-0-25-despite-banking-crisis/2023/03/23/

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