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Fed Chair Powell announces .75% rate increase in press conference following FOMC meeting
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The U.S. Federal Reserve raised interest rates by 0.75% for the third consecutive time as the central bank continues to try to tame multi-decade highs in inflation.
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Three 75-basis-point rate hikes in a row is unprecedented since the Fed explicitly started targeting the federal funds rate to conduct monetary policy in the late 1980s.
Don't Miss: Valley of Hype: The Culture That Built Elizabeth Holmes
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About Yahoo Finance:
At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.
Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more.
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The U.S. Federal Reserve raised interest rates by 0.75% for the third consecutive time as the central bank continues to try to tame multi-decade highs in inflation.
For more on this topic, please visit:
Three 75-basis-point rate hikes in a row is unprecedented since the Fed explicitly started targeting the federal funds rate to conduct monetary policy in the late 1980s.
Don't Miss: Valley of Hype: The Culture That Built Elizabeth Holmes
WATCH HERE:
About Yahoo Finance:
At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.
Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more.
Connect with Yahoo Finance:
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