Highlights: US Fed FOMC Announces 75 Bps Rate Hike To 3.75-4%; Highest Since 2008 - Check Powell's Commentary Here - News, Updates
LIVE UPDATES US Fed Reserve FOMC Meeting November 2022 Date, Time, Press Conference News: The FOMC holds eight regularly scheduled meetings during the year and other meetings as needed. The US Fed Reserve FOMC Meeting for November 2022 is taking place on 1st and 2nd of November 2022.
The Federal Reserve on Wednesday raised interest rates by three-quarters of a percentage point as it continued to battle the worst outbreak of inflation in 40 years, but signaled future increases in borrowing costs could be made in smaller steps to account for the "cumulative tightening of monetary policy" it has enacted so far.
The US central bank has raised rates at its last six meetings beginning in March, marking the fastest round of increases since former Fed Chair Paul Volcker's fight to control inflation in the 1970s and 1980s.
LIVE UPDATES US Fed Reserve FOMC Meeting November 2022 Date, Time, Press Conference News: The FOMC holds eight regularly scheduled meetings during the year and other meetings as needed. The US Fed Reserve FOMC Meeting for November 2022 is taking place on 1st and 2nd of November 2022.
The Federal Reserve on Wednesday raised interest rates by three-quarters of a percentage point as it continued to battle the worst outbreak of inflation in 40 years, but signaled future increases in borrowing costs could be made in smaller steps to account for the "cumulative tightening of monetary policy" it has enacted so far.
The US central bank has raised rates at its last six meetings beginning in March, marking the fastest round of increases since former Fed Chair Paul Volcker's fight to control inflation in the 1970s and 1980s.