The FOMC expressed concern that tighter credit conditions for households and businesses might have a negative impact on economic activity. Economics
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Federal Reserve raises interest rate by 25 bps to 5.25-5.5% as expectedThe Federal Reserve (Fed) is expected to raise its policy rate by 25 basis points (bps) to the range of 5.25%-5.5% on Wednesday, July 26 at 18:00 GMT.
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Federal Reserve raises key interest rate to highest level in more than 20 yearsIt's all part of the central bank's effort to keep slowing down inflation which, as of June, remains above the central bank's 2% target.
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Federal Reserve Raises Interest Rates to 22-Year HighBreaking: The Federal Reserve resumed raising interest rates with a quarter-percentage-point increase that will lift them to a 22-year high
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Federal Reserve raises key interest rate for 11th time in its drive to slow inflationComing on top of its previous rate hikes, the Fed’s latest move could lead to further increases in the costs of mortgages, auto loans, credit cards and business borrowing.
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Interest Rates: Will the Federal Reserve pause, hike, then pause again?Inflation cooled considerably from last June through June this year. But the Fed might raise rates in July to keep driving inflation down further.
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