Breaking news: The Federal Reserve raised interest rates for the 10th time in just over a year — and signaled that it will stop hoisting borrowing costs as the economy slows and fears of a recession grow.
Federal Reserve Chair Jerome H. Powell holds a news conference after the central bank’s update on interest rates.
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US Federal Reserve TK interest ratesWednesday’s interest rate decision was largely expected, with traders pricing in such a rise ahead of time.
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Federal Reserve raises interest rates to 16-year high as fight to tame inflation continuesThe central bank faces signs of weakening economic growth even as inflation stays high and the labor market remains robust.
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Federal Reserve pushes interest rates above 5% for first time since 2007The Federal Reserve raised the target range for its benchmark interest rate to a new range of 5%-5.25%, the highest its been since September 2007 — and it could get higher still.
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