Industries News.Net

US Fed lifts rates by 50 basis points

15 Dec 2022

WASHINGTON, 14th December, 2022 (WAM) --The US Federal Reserve on Wednesday voted to boost the overnight borrowing rate half a percentage point, taking it to a targeted range between 4.25% and 4.5%.

The increase broke a string of four straight three-quarter point hikes, the most aggressive policy moves since the early 1980s.

Copyright ©1998-2023 Industries News.Net | Mainstream Media Limited - All rights reserved