Fed raises interest rates, leaves door open to another hike
Wednesday, 26 July 2023 The Federal Reserve raised interest rates by a quarter of a percentage point on Wednesday, citing still elevated inflation as a rationale for what is now the highest US central bank policy rate in 16 years.The rate hike, the Fed's 11th in its last 12 meetings, set the benchmark overnight interest rate in the 5.25%-5.50% range, and the accompanying policy statement left the door open to another increase.
Welcome to our exclusive YouTube stream of the highly anticipated FOMC (Federal Open Market Committee) Press Conference featuring Jerome Powell, the Chairman of the Federal Reserve. Join us for real-time coverage as he addresses crucial economic matters, including interest rates, monetary policy, and...
Key Inflation Rate , Hits Lowest Annual Level , in Almost 2 Years.
CNBC reports that inflation continued
to show signs of cooling in June,
in line with Dow Jones estimates.
CNBC reports that..
Credit: Wibbitz Top Stories Duration: 01:31Published
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Wednesday, 26 July 2023
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