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This is now the eighth consecutive rate hike, an increase of 4.5% since the hikes began.
Read More »Fed Hikes Interest Rates by 25pts
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Federal Reserve Continues Rate Hikes
For the third time in a row, the Federal Reserve’s Federal Open Market Committee (FOMC) raised the nominal interest rate by 75-basis points at the conclusion of their scheduled two-day meeting to a rate of 3.00-3.25%. This marks the highest ...
Read More »Will the Housing Market Be Doomed if the Fed Raises Rates?
According to the CME Group's FedWatch Tool, which measures the market's expectations of Fed target rates on a daily basis, there is a 74.7 percent chance of the Fed raising rates by 0.25 percent this week. On the other hand, the FedWatch data found that there is a 25.3 percent chance of the Fed raising rates by 0.50 percent.
Read More »Fed Likely to Raise Rates By Year’s End If ‘Economy Evolves’ As Expected
In both hearings, Yellen addressed the subject of the much-anticipated federal funds range increase; Thursday before the Senate Banking Committee, she reiterated that more economic improvement, particularly in the labor market, is needed along with confidence that the objective of 2 percent inflation can be met over the medium term. She said the Federal Open Market Committee (FOMC) would determine on a meeting-by-meeting basis if progress toward that goal is sufficient enough to raise the rates.
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