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The Fed has raised rates 11 times since March 2022 in its most aggressive rate-hiking campaign since the 1980s. Inflation, while down from its peak, remains double the Fed’s inflation target of 2%.
Federal Reserve Board Chairman Jerome Powell speaks during a news conference following a two-day meeting of the Federal Open Market Committee (FOMC) in Washington, U.S., July 27, 2022.
US Federal Reserve Chairman Jerome Powell takes questions during a news conference in Washington, DC, on May 4, 2022. (Photo by JIM WATSON/AFP via Getty Images) (JIM WATSON via Getty Images)
The Federal Reserve ended its monthly asset purchases program (QE3) in October 2014, ten months after it began the tapering process. December 2015 historic interest rate hike. On December 16, 2015, the Fed increased its key interest rate, the Federal Funds Rate, for the first time since June 2006. The hike was from the range [0%, 0.25%] to the ...
The Federal Reserve raised the target range for its benchmark interest rate by 0.25% on Wednesday while leaving its options open on future rate hikes. The central bank's move pushed its benchmark ...
The Federal Reserve's move Wednesday to raise its key rate by a half-point brought it to a range of 4.25% to 4.5%, the highest level in 14 years. The Fed's latest increase — its seventh rate ...
The Federal Reserve kept interest rates steady Wednesday, holding off on another increase despite two consecutive months of accelerating inflation. The Federal Open Market Committee (FOMC), the ...
But 40-year-high inflation prompted the Fed to raise rates in 2022 by 4.25 percentage points over seven meetings throughout the year, including four hikes of 0.75 percentage points each. In 2023 ...