BREAKING Fed makes largest interest rate jump in 28 years amid rising inflation
The Federal Reserve Wednesday afternoon announced its largest interest rate hike since 1994 — a bigger increase than it had previously signaled and a sign that the central bank is struggling to restrain stubbornly high inflation.
Sizable increases heighten borrowing costs for consumers and businesses, likely leading to an economic slowdown and raising the risk of a recession. The Fed's previous rate hikes have increased mortgage rates roughly 2 percentage points since the year began and have slowed home sales. The global efforts to tighten credit are escalating the risk of a severe downturn in the United States, Europe and elsewhere. Last week, the World Bank warned of the threat of “stagflation” — slow growth accompanied by high inflation — around the world.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Here's Everything the Fed Is Expected to Announce, Including the Biggest Rate Hike in 28 YearsThe Federal Reserve on Wednesday is expected to do something it hasn't done in 28 years — increase interest rates by three-quarters of a percentage point. CNBC
Leer más »
Fed Announces Biggest Interest Rate Hike in 28 Years; Bitcoin FallsIn a widely anticipated move, the federalreserve raised interest rates by 75 basis points. Bitcoin was down 5.3% in the minutes since the decision. HeleneBraunn reports
Leer más »
Teen Mom Star's Ex Lane Fernandez Dies Aged 28 — Just 3 Weeks After Birth of SonHe appeared alongside ex Malorie Beaver in 'Teen Mom: Young and Pregnant' (via toofab)
Leer más »
US Dollar Index retreats from 20-year high as yields brace for Fed meetingUS Dollar Index (DXY) bulls take a breather after refreshing a two-decade top, dropping back to 105.00 during early Tuesday morning in Europe, amid th
Leer más »
Fed Likely to Consider 0.75-Percentage-Point Rate Rise This WeekA string of troubling inflation reports is likely to lead Federal Reserve officials to consider surprising markets with a larger-than-expected interest-rate increase at their meeting this week.
Leer más »
EUR/USD sees cushion below 1.0400, downside looks likely ahead of Fed and ECB LagardeThe EUR/USD pair is witnessing a minor cushion marginally below 1.0400 in the Asian session, however, more downside is still favored amid broader stre
Leer más »