Federal Reserve raises rates for 11th time to fight inflation but gives no clear sign of next move ...Middle East

WASHINGTON (AP) — The Federal Reserve raised its key interest rate Wednesday for the 11th time in 17 months as part of its ongoing drive to curb inflation. But it provided little guidance about when — or whether — it might hike rates again. Wednesday’s move raised the Fed’s benchmark short-term rate from roughly 5.1% to 5.3% — its highest level since 2001. Coming on top of its previous hikes, the Fed’s latest action could lead to further increases in the costs of mortgages,auto loans, credit cards and business borrowing. Speaking at a news conference, Fed Chair Jerome Powell was noncommittal about any expectations for future rate hikes. Since it began raising rates in March 2022, the Fed has

Hence then, the article about federal reserve raises rates for 11th time to fight inflation but gives no clear sign of next move was published today ( Thursday 27/07/2023 - 01:48 AM ) and is available on Sentinel-Tribune ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Federal Reserve raises rates for 11th time to fight inflation but gives no clear sign of next move )

Last updated : 27 July 2023 clock 01:48 AM

Also on site :

Federal Reserve raises rates for 11th time to fight inflation but gives no clear sign of next move ...Middle East

Ripple CTO Reveals XRP Escrow Limited Ripple’s Ability to Sell XRP Freely

Cursor CEO warns vibe coding builds ‘shaky foundations’ and eventually ‘things start to crumble’

Dear Abby: I think she was wrong to tell the kids their mother was drunk

AKEEYO presentará las cámaras AKY-NV-X2 y AKY-730 Pro en CES 2026 de Las Vegas

AKEEYO présentera l'AKY-NV-X2 et l'AKY-730 Pro au salon CES 2026 à Las Vegas

What Did Trump Get For Christmas? 5 Gifts He Received In 2025

School vaccination campaign launched in Daraa city and countryside

Judge green lights New York’s driver’s license law despite Trump administration challenge

Wind and cold weather warnings due but no white Christmas for UK

Japanese social media influencer suspected of tax evasion

Fire in Wellington: Firefighters called to put out blaze involving pile of rubbish

Flood advisory for Northern California until 3 a.m. Thursday caused by prolonged downpours

China's First Domestic Anti-CTLA-4 Monoclonal Antibody, Innovent's TABOSUN® (Ipilimumab N01 Injection) Received NMPA Approval

Son of former Bangladesh prime minister returns after 17 years in exile with a chance to lead

“Syria through artists’ eyes” exhibition documents Syria’s victory and liberation