If you had any doubt, the era of cheap money is over. The Federal Reserve raised interest rates again on Wednesday – and suggested two more substantial increases are coming before the end of the year – as policymakers wage war against inflation.
The Federal Reserve raised interest rates again on Wednesday – and suggested two more substantial increases are coming before the end of the year – as policymakers wage war against inflation, still running near 40-year highs.
In August, the unemployment rate stood at 3.7 percent across the nation, and 4.1 percent in Texas. Consumer prices, however,Fed Chairman Jerome Powell has made no secret that tackling inflation remains his top priority, even in the face ofand across the nation. In August, he said that he’s going to keep fighting even though higher interest rates and slower growth will bring “some pain” to households and businesses alike.
“We think that we’ll need to bring our funds rate to a restrictive level and keep it there for some time,” he said Wednesday, at a press conference, adding: “No one knows if this process will lead to a recession.”In advance of the Fed’s announcement Wednesday, the Dow Jones Industrial Average was up 147 points. The Nasdaq Composite index and the S&P 500 were both up nearly 1 percent.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
If you had any doubt, the era of cheap money is overThe Federal Reserve raised interest rates again on Wednesday – and suggested two more...
Weiterlesen »
Texans with unclaimed money could get checks in the mail without having to file a claimIf you think you might have unclaimed cash you can still search the Texas unclaimed property website.
Weiterlesen »
Save up to $300 on the last blender you’ll ever need during this Vitamix Flash saleVitamix blenders are built to last and their refurbished models let you save money without having to worry about reliability.
Weiterlesen »
Empowering Her Team Of Real Estate Leaders To Make More Money Without ShameD’Alessio knows a thing or two about money management and empowering women in a male-saturated industry, not apologizing for making more money, and what it takes to be confident in sales.
Weiterlesen »