Fed hikes interest rates by three-quarters of a percentage point for the third straight time, an aggressive move to curb stubborn inflation.
The supersized hike, which was unfathomable by markets just months ago, takes the central bank’s benchmark lending rate to a new target range of 3%-3.25%. That’s the highest the fed funds rate has been since the global financial crisis in 2008. Wednesday’s decision marks the Fed’s toughest policy move since the 1980s to fight inflation.
Core Personal Consumption Expenditures, the Fed’s favored measure of rising prices, is projected to hit 4.5% this year and 3.1% in 2023, the Fed’s SEP showed. That’s up from June projections of 4.3% and 2.7%, respectively. Perhaps most important to investors seeking forward guidance from the Fed is the projection of the federal funds rate, which outlines what officials think is the appropriate policy path for rate hikes going forward.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Fed goes big again with third-straight three-quarter-point rate hikeThe Federal Reserve made history on Wednesday, approving a third consecutive 75-basis-point hike in an aggressive move to tackle the white-hot inflation that has been plaguing the US economy.
Consulte Mais informação »
Breaking: Bitcoin Plunges as Fed Announces Another Big Interest Rate HikeFed policymakers have expectedly announced their third consecutive 75-basis-point rate hike
Consulte Mais informação »
What does the latest Federal interest rate hike mean for consumers?The Federal Reserve is hoping increasing the interest rate for the third time will slow down consumer spending.
Consulte Mais informação »
Fed escalates its inflation fight with another big rate hikeIntensifying its fight against chronically high inflation, the Federal Reserve raised its key interest rate Wednesday by a substantial three-quarters of a point for a third straight time, an aggres…
Consulte Mais informação »
Federal Reserve escalates its inflation fight with another big interest rate hikeThe Federal Reserve raised its key interest rate Wednesday by a substantial three-quarters of a point for a third straight time
Consulte Mais informação »