The Federal Reserve launched a high-risk effort Wednesday to tame the worst inflation since the 1970s, raising its benchmark short-term interest rate and signaling up to seven rate hikes this year.
Similar Stories to Fed Begins Inflation Fight With Key Rate Hike, More To Come on Bing News
Business stories from Newsday, Long Island Newsday: Business
Wed, 03/16/2022 - 5:00pm
BING NEWS:
- Fed Meets Today: Expect Interest Rate Hikes Instead of Cuts This Year, One Economist Says
The Fed paused the federal funds rate at a target range of 5.25% to 5.5% in August last year after raising interest rates 11 times between March 2022 and July 2023. Inflation reacted quickly, dropping ...
04/30/2024 - 8:43 am | View Link - Wages and Benefits Growth Deals Yet Another Blow to Fed's Inflation Fight
An index measuring wages and benefits grew more than economists expected in the first quarter in a sign that inflation could be reheating.
04/30/2024 - 7:43 am | View Link - Paramount Faces a Mountain of Questions
Bob Bakish, the media giant’s chief executive, is out, removing an obstacle to a deal with David Ellison's Skydance. But the company’s future is no clearer as a key deadline approaches.
04/30/2024 - 1:10 am | View Link - Fed stares down rising inflation and a murky path to rate cuts
Since the start of the year, central bankers’ best hopes to take pressure off the economy have gotten dimmer and dimmer.
04/29/2024 - 11:00 pm | View Link - Inflation-wary US rate options market cautiously prices for 2024 Fed hike
Options on Secured Overnight Financing Rate (SOFR) futures are showing a higher probability that the Federal Reserve could hike interest rates a quarter percentage point this year and next as U.S.
04/28/2024 - 11:01 pm | View Link - More
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