The Federal Reserve raised its target federal funds rate by a half point at the end of its two-day meeting Wednesday, notching the largest increase in the benchmark in more than 20 years. “The Federal Reserve is behind the curve,” said Greg McBride, chief financial analyst at Bankrate.com. “They have to raise interest rates a lot […]
Tag Archives: Feds
02
Apr
Apr
Moreover, it will become more expensive for corporations to borrow, and for the federal government and state and local governments to pay interest on their debt, she added. “The concerns of these borrowers, who are favored in an artificially low interest environment, as is the case now, need to be weighed against those of everyone […]
16
Mar
Mar
The Federal Reserve raised its target federal funds rate by a quarter percentage point from near zero at the end of its two-day meeting Wednesday. The first increase in the benchmark rate in three years will lay the groundwork for six more hikes by year’s end. “The war in Eastern Europe gives the Fed reason to act more cautiously, but […]
14
Mar
Mar
The Federal Reserve is expected to raise rates Wednesday as they look to contain soaring inflation. The first quarter-point increase in the federal funds rate in three years will likely lay the groundwork for additional hikes to follow. “The cumulative effect of rate hikes is what is really going to have an impact on the economy and […]
12
Mar
Mar
Jerome Powell’s reluctance to lean more heavily on shrinking the Federal Reserve’s balance sheet in the battle against inflation could prove a damaging miscue. A vocal section of the bond market prefers the Fed chair to focus more on reducing bond holdings, allowing policy makers to hike interest rates less aggressively as it battles to […]