Fed Authorizes Biggest Interest Rate Hike In 22 Years To Fight Inflation Amid Violent Stock Sell-Off - BitcoinEthereumNews.com
KabuhayanPinahintulutan ng Fed ang Pinakamalaking Pagtaas ng Rate ng Interes Sa loob ng 22 Taon Para Labanan ang Inflation Sa gitna ng Marahas Stock Sell-Off05 / 04 / 2022Balita ng Ethereum ng BitcoinTopline The Federal Reserve on Wednesday anounced the largest interest rate hike since the turn of the century and unveiled additional details about how it will further ease monetary stimulus, escalating its fight against the highest inflation rate in 40 years as the stock market reels over the potential implications for economic growth. The Federal Reserve on Wednesday raised interest rates by 50 basis points—the most since May 2000. © 2022 Bloomberg Finance LPn key Katotohanan Following the conclusion of its two-day policy meeting, the Federal Open Markets Committee sinabi Wednesday afternoon it would raise the federal funds rate, which is the target interest rate at which commercial banks borrow and lend reserves, by 50 basis points to a target range of 0.75% to 1%—a widely expected move following a maglakad nang mahaba of 25 basis points on March 16. The increase—the largest since May 2000—was approved unanimously and comes after Fed Chair Jerome Powell kinilala inflation is “much too high” in late March and pledged to “move expeditiously… to restore price stability.” For months,