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Federal Reserve Raises Interest Rate by 0.75% in Bid to Curb Inflation
The Federal Reserve announced Wednesday that they have raised the benchmark interest rate by 0.75% to curb high inflation.
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Federal Reserve Raises Key Interest Rate by Another 0.75% to Curb 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.
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Fed Governor Waller Expects 0.75 Percentage Point Hike, But Open to a Larger One
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.
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Powell: Another .75% Interest Rake Hike in July Seems Likely
“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].”
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How Do Federal Reserve Interest Rate Hikes Affect Inflation—And Your Wallet?
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
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Here's Everything the Fed Is Expected to Announce, Including the Biggest Rate Hike in 28 Years
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.
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Fed: Inflation, Ukraine Biggest Threats to Financial System
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.
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Police Looking for Shooter After Fight on Chula Vista Intersection | What's Up?
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. -
How Do Federal Reserve Interest Rate Hikes Affect Inflation—And Your Wallet?
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
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Here's How to Save More When Inflation Makes Your Money Count Less
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.
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Fed Signals More Aggressive Steps to Fight Inflation
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.
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Home Mortgage Rates Rising After Federal Reserve Interest Rate Hike
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%.
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Higher Interest Rates Creep Into Home Mortgages
“The real estate market is currently pretty crazy,” a local real-estate agent told NBC 7’s Kelvin Henry.
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Fed Begins Inflation Fight With Key Rate Hike, More to Come
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
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How Fed Hikes May Affect Your Car Loan, Credit Card Rate, Mortgage
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
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Why US Inflation Is So High, and When It May Ease
Inflation is starting to look like that unexpected — and unwanted — houseguest who just won’t leave.
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Fed Survey Finds Supply-Chain Shortages Boosting Inflation
The Federal Reserve is reporting that many parts of the country were hit by supply chain disruptions and labor shortages in November.
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Biden to Keep Powell as Fed Chair, Brainard Gets Vice Chair
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
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2 Top Fed Officials Retire in Wake of Trading Disclosures
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.
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Fed Reviews Ethics Policies After Prolific Trading Uncovered
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.