Tag: US interest rate

• Thursday, July 28th 2022 - 07:59 UTC

  Fed raises the benchmark interest rate 75 basis points, fourth time running

  

  For the fourth time running since March the United States Federal Reserve on Wednesday increased benchmark interest rates 75 basis points to its highest level since 2018, in yet another significant effort to contain inflation which is running at a forty-year high of 9,1%, but at the same time avoiding a recession.

• Friday, February 9th 2018 - 20:26 UTC

  Fed member forecasts three interest rate hikes this year

  

  The U.S. Federal Reserve is likely to continue removing policy accommodation gradually and could hike rates three times this year, Dallas Fed President Robert S. Kaplan told a business conference in Frankfurt on Thursday.

• Saturday, November 11th 2017 - 09:07 UTC

  Fed member anticipates rates likely to rise next month and three times in 2018

  

  United States interest rates are likely to rise again next month and a further three times next year, one of the Federal Reserve's rate-setters has said. John Williams, who sits on the lliams, advanced a rate rise in December “makes sense, at least based on the information I have today”.

• Thursday, December 17th 2015 - 03:40 UTC

  Fed hikes rate to 0.25% in unanimous decision; positive reaction from markets

  

  The United States Federal Reserve on Wednesday delivered its first interest rate hike since 2006, with the decision a unanimous one. The central bank raised its key federal funds rate to 0.25%, up from at or near zero percent for the last seven years.

• Thursday, October 29th 2015 - 07:32 UTC

  Fed rates unchanged; fears of monetary easing in EU, Japan and China, and inflation still below 2%

  

  The US Federal Reserve kept interest rates unchanged on Wednesday, but downplayed global economic headwinds and left the door open to tightening monetary policy at its next meeting in December.

• Friday, September 18th 2015 - 07:52 UTC

  Fed leaves rates unchanged on concerns about a weak world economy

  

  The US Federal Reserve kept interest rates unchanged on Thursday in a nod to concerns about a weak world economy, but left open the possibility of a modest policy tightening later this year. In what amounted to a tactical retreat, the US central bank said an array of global risks and other factors had convinced it to delay what would have been the first rate hike in nearly a decade.

• Tuesday, September 8th 2015 - 08:42 UTC

  IMF cautions Fed on conditions when it decides to increase interest rates

  

  The US Federal Reserve must be certain that the job market and inflation are strong enough to justify raising interest rates, IMF managing director Christine Lagarde said after a G20 meeting focused on the pressure the increase might place on the global economy.

• Thursday, August 20th 2015 - 06:38 UTC

  Fed approaching interest rate hike but 'reasonable confidence' still short

  

  An improving job market edged the US Federal Reserve closer to an interest rate hike at its July meeting even as policymakers continued to express broad concerns about lagging inflation and the weak state of the world economy, according to minutes released on Wednesday.

• Friday, July 17th 2015 - 06:01 UTC

  Yellen says Fed remains on track to raise interest rates this year

  

  Federal Reserve Chair Janet Yellen said the US central bank remains on track to raise interest rates this year, with labor markets expected to steadily improve and turmoil abroad unlikely to throw the US economy off track.

• Thursday, June 18th 2015 - 06:58 UTC

  Fed ready for interest rate hike, but precise timing depends on jobs and inflation

  

  Citing an improving economy, the Federal Reserve signaled Wednesday it is most probably on track to raise historically low interest rates as early as September, but that rates are likely to climb more gradually than it previously