Federal Reserve Raise Interest Rates Another 25bps
Following its latest two-day policy meeting, the Federal Reserve has opted to raise Interest rate s another 25 basis points. Moreover, the Interest rate hike was expected by many, with some predicting a pause following this May meeting. The Fed has engaged in its most aggressive fight against rising inflation rates in decades. Subsequently, today’s quarter-point raise represents the 10th consecutive increase in a single year, as the potential for an end to the increase reaches a fever pitch. BREAKING: Federal Reserve raises interest rates by 25bps. — Watcher.Guru (@WatcherGuru) May 3, 2023 Federal Reserve Inflation Fight Continues Amidst the budding banking crisis occurring in the US, all eyes were on the May FOMC meeting. Consequently, whether or not a continued inflation fight would commence, based on current economic data, was an undeniable focal point. Now, it has been revealed that the Federal Reserve has raised Interest rate s by another 25 basis poin...