HomeMarketsU.S. Economy & JobsReaction To First Interest Rate Hike Since 2018
Reaction To First Interest Rate Hike Since 2018

The Federal Reserve announced it will raise interest rates by 25 basis points at Wednesday's FOMC meeting on March 16, 2022. This is the first time we've seen a rise in rates since 2018, and another six increases are expected by the end of this year. James Knightley breaks down the announcement amid inflation at 40-year highs. Fed Chairman Jerome Powell noted widespread job growth bolstering the economy, but said inflation is expected to take longer to stabilize.

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16 Mar 2022

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