Fed attacks inflation with another big hike and expects more
Headline from WMUR
The Fed’s move boosted its benchmark short-term rate, which affects many consumer and business loans, to a range of 3% to 3.25%, the highest level since early 2008.
WMUR's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
The Federal Reserve is trying to slow the economy to rein in galloping inflation, which has been sitting at 40-year highs since the beginning of the year.
The Fed’s move boosted its benchmark short-term rate, which affects many consumer and business loans, to a range of 3% to 3.25%, the highest level since early 2008.
Following surprisingly high inflation numbers in August, the US Federal Reserve is expected to raise benchmark interest rates for the third time this year.
Federal Reserve raises its key rate by a substantial three-quarters of a point for 3rd straight time to fight inflation. This is breaking news. Refresh for updates.
As the Federal Reserve prepares to announce another interest rate hike, the central banks of several other countries are mulling increases of their own.
The Federal Reserve enacted its third consecutive 75 basis point interest rate hike as it attempts to cool inflation with triggering an economic recession.
WASHINGTON (Reuters) — The Federal Reserve raised its target interest rate by three-quarters of a percentage point to a range of 3.00%-3.25% on Wednesday and signaled more large increases to come in new projections showing its policy rate rising to 4.
The U.S. Federal Reserve is expected to raise its key short-term interest rate by a substantial three-quarters of a point for the third consecutive time.
The Federal Reserve raised a key interest rate again Wednesday by three-quarters of a percentage point, risking job losses and a deeper economic slowdown as the central bank tries to reduce inflation that is running near historic highs.
The Federal Reserve is expected to make history with a rate hike today that could affect your savings. The Fed’s anticipated actions would increase the rate that banks charge each other for overnight borrowing to 3-3.25%, the highest since the 2008 global financial crisis.
The Federal Reserve is likely to approve the third straight 75-basis-point interest rate hike on Wednesday as it further intensifies its war on inflation.
WASHINGTON -- Intensifying its fight against chronically high inflation, the Federal Reserve raised its key interest rate by a substantial three-quarters of a point for a third straight time, an aggressive pace that is heightening the risk of an eventual recession.
The Federal Reserve raised its key interest rate Wednesday by three-quarters of a point for a third straight time and signaled more sharp rate increases to come — an aggressive pace that's heightening the risk of a recession.
