consecutive

The Fed raises rates by 0.75 points for the third consecutive time

The Fed raises rates by 0.75 points for the third consecutive time

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The Federal Reserve raised its benchmark interest rate by 0.75 percentage points for the third consecutive time and signaled its intention to maintain tight monetary policy as it tries to rein in the overheating US economy. The Federal Open Market Committee raised the federal funds rate to a new target range of 3% to 3.25% …

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Federal Reserve Governor Christopher Waller (pictured) said he was in favor of what he calls another increase

Fed Governor Christopher Waller warns that a THIRD consecutive interest rate of 0.75% is imminent

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The Federal Reserve governor said he favors another “significant” interest rate hike for a third consecutive month, which will further increase mortgage payments for inflation-ridden Americans. Christopher Waller backed the central bank with what is known as a 75 basis point move, or 0.75% increase, during a speech in Austria on Friday, according to Bloomberg. …

Fed Governor Christopher Waller warns that a THIRD consecutive interest rate of 0.75% is imminent Read More »