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Federal Reserve Hikes Rate by 50bps, FOMC Signals Rate to Rise to 5.1% Next Year

Post author:MiamiCrypto
Post published:December 14, 2022
Post category:Benchmark Bank Rate Central Bank Economics Fed fed officials federal funds rate Federal Open Market Committee (FOMC)Federal Reserve FFR FFR increase FOMC FOMC Meeting Government inflation Inflationary pressures Interest rate jerome powell News political pressure rate rate hike Tesla’s Elon Musk US Central Bank

The U.S. central bank’s Federal Open Market Committee (FOMC) convened on Wednesday and raised the federal funds rate by 50 basis points (bps). The 0.5 percentage point rise follows the…