Fed rate hike
In its post-meeting statement the rate-setting Federal Open Market Committee cautioned that recent. Fed hikes its benchmark interest rate by 075 percentage point the biggest increase since 1994 Published Wed Jun 15 2022 200 PM EDT Updated Thu Jun 16 2022 732 AM EDT Jeff Cox jeffcox7528.
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The Feds actions will increase the rate that banks charge each other for overnight borrowing to a range of between 225 to 250 the highest since December 2018.
. The hike moved the benchmark short-term rate to a range of. Over the last three decades. Well be making rate hike decisions on a meeting-by-meeting basis.
The rate-making Federal Open Market Committee announced the hike of 075 or 75 basis points at the conclusion of its two-day meeting.
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