Federal Reserve Board Chairman Jerome Powell.Alex Wong/Getty Images The Federal Reserve raised interest rates by 25 basis points on Wednesday. It comes after Silicon Valley Bank's collapse, and Fed Chair Powell said tightening from the bank chaos could be "equivalent" to a rate hike. But he stressed uncertainty with the impacts and said the Fed will continue using every tool it has to fight inflation. Even after weeks of banking industry chaos, the head of the nation's central bank made one thing certain — he'll do everything in his power to keep fighting inflation.On Wednesday, the Federal Open Market Committee (FOMC) announced it is raising interest rates by 25 basis points for the second time this year.
Similar Stories to Bank Chaos Has Altered The Fight Against Inflation — But The Fed Says Every Tool Is Still On The Table on Bing News
asheffey@businessinsider.com (Ayelet Sheffey), Business Insider
Wed, 03/22/2023 - 1:42pm
BING NEWS:
- The Fed Projects Higher Inflation: What That Means For Interest Rates
The Federal Reserve held interest rates steady, adjusted its rate forecast higher, and is less optimistic about disinflationary progress. The economy is outperforming the Fed's expectations ...
06/12/2024 - 11:24 am | View Link - The Fed’s interest rate mistake is a gift for Trump
On Wednesday, the Federal Reserve announced it is leaving interest rates unchanged at around 5.3%, their highest level since 2001. Federal Reserve Chair Jerome Powell suggested that one or two ...
06/12/2024 - 10:49 am | View Link - The Fed expects to cut rates just once this year
Stocks ended the day mixed Wednesday as investors parsed a key inflation report and the Federal Reserve’s latest projections for interest rate cuts this year. The Dow fell 35 points, or 0.1%.
06/12/2024 - 9:25 am | View Link - Fed projects higher inflation, just one rate cut for 2024
The Fed's expected annual inflation rate for 2024 rose to 2.6 percent from 2.4 percent as core inflation was also adjusted upwards from 2.6 percent to 2.8 percent as measured by the PCE price index.
06/12/2024 - 8:32 am | View Link - Inflation ticks slightly downward in May, sparking hopes of Fed rate cuts
Inflation rose at 3.3% year-over-year last month — boosting hopes that the Federal Reserve could begin cutting rates later this year. The consumer price index ticked down slightly from the 3.4% ...
06/12/2024 - 8:25 am | View Link - More
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more