Crypto Gaming and Earning with Players

The Fed raises interest rates by 50 basis points to fight inflation

United States, New York, New York
Published 2 years ago
ID #1591
QR CODE
1 photo
Smart Node
The Fed raises interest rates by 50 basis points to fight inflation
United States, New York, New York,
Published 2 years ago

X-Node Details

Markets were braced for Wednesday's rally, which was the biggest since 2000, so the immediate reaction is expected to be muted. Fed Chairman Jerome Powell hinted at a 50 basis point adjustment at a debate hosted by the International Monetary Fund in April.

This is the second of seven rate adjustments planned for this year. In March, the Federal Reserve raised its benchmark interest rate by 25 basis points, or 0.25%, marking the first upward adjustment since 2018.


*FED RAISES RATES 50 BPS, TO START RUNOFF JUNE 1 AT $47.5B/MTH*FED EXPECTS `ONGOING’ INCREASES IN RATES WILL BE APPROPRIATE*FED: RUNOFF PACE TO RISE TO MAXIMUM $95B/MTH AFTER THREE MONTHS

The US Federal Open Market Committee - FOMC concluded two days of meetings on Wednesday with the long-awaited announcement of an interest rate hike of 50 basis points, or 0.5%.

Fed inflation

inflation points 

points rates 


Vote
Result 1 votes

 

Contact seller

    franko
    User-Chain-Block
    You must log in or register a new account in order to contact the advertiser.

    Comments

    Question? Need more information? Want to ask question? Add new comment...
    Ask questions related to this listing only.
    Comments are moderated.
    Add new comment
    Smart Node

    Seller's info

    franko
    User-Chain-Block

    X-NODE Location

    United States, New York, New York
    FED Inflation Points Rates