On Wednesday, the Federal Open Market Committee (FOMC) and Fed chair Jerome Powell held a press conference concerning the American economy, the central bank’s plans to address inflation, and the ongoing Russia-Ukraine war. Powell announced that the FOMC decided to increase the benchmark bank rate by a quarter percentage point and further noted the Fed anticipates “ongoing increases…will be appropriate.”
Fed Hikes Benchmark Bank Rate for the First Time Since 2018, FOMC Expects 6 More Increases
Estimated read time
3 min read
+ There are no comments
Add yours