The Short Term Has Never Been More Interesting
What we do know before the FOMC meeting today.
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Federal Reserve hikes key interest rate for first time in 3 years despite Trump’s demands for a cut
Federal Reserve hikes key interest rate for first time in 3 years despite Trump’s demands for a cut It's the first policy shift under the new Fed chief, who took office in late May after being selected by Trump with an expectation that he would cut rates - Bookmark - CommentsGo to comments The Federal Reserve raised interest rates Wednesday and flagged further increases in borrowing costs in coming months, with new U.S. central bank chief Kevin Warsh joining a unanimous decision that...
Fed approves interest rate hike, signals one more to come this year
The Federal Reserve on Wednesday approved its first interest rate hike in more than three years and indicated another to come, as part of an effort aimed at combating inflation brought on by spiraling oil prices and other factors. In a move that markets widely anticipated, the central bank's Federal Open Market Committee voted 12-0 to increase its key interest rate by a quarter percentage point, or 25 basis points. The move brought the overnight funds rate to a target range of 3.75%-4%.
US Fed raises interest rates as inflation weighs on economy
US Fed raises interest rates as inflation weighs on economy The 25bps hike is the first raise in three years and comes ahead of critical midterm elections in the US. The United States Federal Reserve said it raised interest rates by a quarter of a percentage point as inflation, driven by soaring fuel prices amid the US-Iran war, continues to weigh on the economy. The Fed, which is the central bank of the US, said on Wednesday that it will hike interest rates by 25 basis points to 3.75...
US Federal Reserve hikes interest rate to 3.75-4% range; first time since 2023
US Federal Reserve Chair Kevin Warsh-led Federal Open Market Committee (FOMC) on Wednesday hiked the key interest rate to 3.75%-4% target range. This is the first interest rate hike since 2023. “The Committee decided to raise the target range for the federal funds rate by 1/4 percentage point to 3-3/4 to 4 percent, in support of the Federal Reserve’s dual mandate.