Federal Reserve

The Federal Reserve announced Wednesday that they have raised the benchmark interest rate by 0.75% to curb high inflation.

The Fed’s move will raise its key rate, which affects many consumer and business loans, to a range of 2.25% to 2.5%, its highest level since 2018.

Fed Governor Christopher Waller said he’s willing to consider what would be the most aggressive rate hike in decades at the central bank’s July meeting.

“We’ve seen financial conditions tighten,” Federal Reserve Chair Jerome Powell said Wednesday. “The next meeting could very well be about decision between 50 and 75 [basis points].”

The Fed raised its benchmark interest rate by half a percentage point, its most aggressive move in more than two decades. Here’s why and how that may impact your wallet

The Federal Reserve on Wednesday is expected to do something it hasn’t done in 28 years — increase interest rates by three-quarters of a percentage point.

The Federal Reserve said Monday that Russia’s war in Ukraine and surging inflation are now the greatest threats facing the global financial system, supplanting the coronavirus pandemic.

San Diego police are looking for man who shot another man during a fight on a Chula Vista intersection. And, the Federal Reserve increased interest rates by half a point. Plus, MTS is one step closer to having an electric bus fleet.
Here’s What’s Up in San Diego County for May 5, 2022.

The Fed raised its benchmark interest rate by half a percentage point, its most aggressive move in more than two decades. Here’s why and how that may impact your wallet

During inflation, here’s how consumers can adjust their spending and saving strategies to help lessen the impact that inflation has on the value of their money.

Federal Reserve officials are signaling that they will take a more aggressive approach to fighting high inflation in the coming months — actions that will make borrowing sharply more expensive for consumers and businesses and heighten risks to the economy.

In March the Federal Reserve approved a .25% interest rate hike, the first hike since 2018. As a result of actions by the Federal Reserve, mortgage rates are spiking. The average rate on a 30-year fixed-rate mortgage is 4.72%.

“The real estate market is currently pretty crazy,” a local real-estate agent told NBC 7’s Kelvin Henry.

The Federal Reserve launched a high-risk effort to tame the worst inflation since the 1970s, raising its benchmark short-term interest rate and signaling potentially up to seven rate hikes this year

The Federal Reserve announced Wednesday it is raising its benchmark interest rate a quarter point, its first in almost three years. Here are some ways the Fed hike could impact your wallet

Inflation is starting to look like that unexpected — and unwanted — houseguest who just won’t leave.

The Federal Reserve is reporting that many parts of the country were hit by supply chain disruptions and labor shortages in November.

President Joe Biden announced he’s nominating Jerome Powell for a second term as Federal Reserve chair, endorsing Powell’s stewardship of the economy through a brutal pandemic recession in which the Fed’s ultra-low rate policies helped bolster confidence and revitalize the job market

In a rare moment of ethical controversy for the Federal Reserve, two top officials resigned Monday in the wake of revelations about their financial trading that exposed potential shortcomings in the Fed’s rules on investments.

The Federal Reserve is reviewing the ethics policies that cover the financial holdings of its senior officials in the wake of disclosures that two regional Fed presidents engaged in extensive trading last year.