Por: CBS News Business September 22, 2022
The Federal Reserve on Wednesday raised its benchmark interest rate by 0.75 percentage point and signaled it plans to keep rates higher for longer as it tries to douse . The Fed's target interest rate is now in the range of 3% to 3.25%, the highest level in 14 years. The bank's rate-setting panel also projected that the Federal Funds rate would hit 4.4% by year-end, up sharply from a projection of 3.4% in June, and 4.6% in 2023, up... + full article
CBS News USA Business September 22, 2022
The Federal Reserve on Wednesday said it is once again turning to its most powerful weapon to tamp down the in 40 years: Boosting interest rates. The central bank raised its benchmark interest rate by 0.75 percentage point, marking the fifth hike this year and the third... + más
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CNBC USA Business September 22, 2022
Morsa Images E+ Getty ImagesAs investors digest another 0.75 percentage point interest rate hike by the Federal Reserve, government bonds may be signaling distress in the markets.Ahead of news from the Fed, the policy-sensitive yield climbed to 4.006% on Wednesday, the , and the... + más
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CNN USA Business September 22, 2022
Washington, DC (CNN Business)The Federal Reserve made history on Wednesday, approving a third consecutive 75-basis-point hike in an aggressive move to tackle The supersized hike, which was unfathomable by markets just months ago, takes the central bank's benchmark lending... + más
This is how the Fed's latest interest-rate hike will affect you | CBS News
New York (CNN Business)Just like misery, inflation loves company. And as price increases linger near 40-year highs, the United States has plenty of it. A perfect storm of stimulus cash during the pandemic, a strong demand for goods, geopolitical chaos and supply chain kinks have... + más
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It’s time to stop believing in immaculate disinflation | The Boston Globe
This is an updated version of a story that originally ran on August 26, 2022. In its continued bid to quash high inflation, the Federal Reserve on Wednesday the overnight bank lending rate to a range of 3% to 3.25%. It is the fifth increase by the US central bank in six months... + más
How steep Fed rate hikes affect your finances | 10 WBNS
How steep Fed rate hikes affect your finances | ABC News
ABC News USA Business September 21, 2022
Chief executives at some of the largest U.S. banks sounded the alarm over in testimony before Congress on Wednesday, warning that price hikes would require further borrowing cost increases from the Federal Reserve that will slow the economy and impose widespread financial... + más
Wall Street CEOs return to Capitol Hill as election looms | ABC News
Wall Street CEOs return to Capitol Hill as election looms | Associated Press
ABC News USA Business September 17, 2022
A hotter-than-expected inflation report on Tuesday sent the stock market tumbling.The Dow Jones Industrial Average fell more than 1,200 points, which amounted to a nearly 4% drop, making it the index's worst day since June 2020. Meanwhile, the S&P 500 — the index to which... + más
Inflation woes: Which prices are going up the most and why? | ABC News
Here's why food prices are so high and what you can do about it | ABC News
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