Federal Reserve raises key rate for 11th time by a quarter-point, to highest level since 2001

Jul 26, 2023
The move lifted the Fed’s benchmark short-term rate from roughly 5.1% to 5.3% — its highest level in 22 years.
For the Federal Reserve, the drop in inflation from roughly 9% to 3% was the relatively easy part, some analysts say. Getting it down to the Fed’s 2% target will be harder and take longer.
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High mortgage rates, recession fears: Who actually wants to buy a house in 2023?

Dec 29, 2022
Pending home sales have dipped, and economists expect the market to continue to droop.
"Overall annual sales next year will be lower," said Lawrence Yun of the National Association of Realtors. 
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As the Fed cranks up interest rates, critics ring warning bells

Some economists and policy advisers fear that the Federal Reserve's rapid hikes could tip the global economy into a painful recession.
Federal Reserve Chair Jerome Powell speaks on Sept. 21, after the central bank decided to raise rates by 75 basis points for the third consecutive time.
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Fed raises interest rates, with more hikes to come

Jun 13, 2018
The Fed now foresees four rate hikes this year, up from the three it had previously forecast.
Federal Chair Jerome Powell testifying on Capitol Hill last year.
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Why some say Fed interest rate hikes are premature

Mar 16, 2017
But wages are starting to rise, Chair Janet Yellen says.
Rising wages are "a signal that we’re coming closer to our maximum employment objectives," Federal Reserve Chair Janet Yellen said at a briefing yesterday.

Unexpected downturn in markets puts time on Fed's side

Jan 26, 2016
Few are expecting another interest rate hike at the Fed meeting this week.

For public good, not for profit.

The Fed's rate hike is more baby step than leap

Dec 17, 2015
The central bank will give the economy time to adjust before it acts again.