The Federal Reserve has raised interest rates by a quarter point as it aims to fight stubbornly high inflation while steadying the banking sector
Investors and economists had widely anticipated the quarter-point increase — or even a pause — amid the meltdown in the banking sector. This story is developing and will be updated.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Live Fed updates: Federal Reserve will announce key rate decision Wednesday afternoonThe Federal Reserve will announce its decision on interest rates Wednesday afternoon. Markets anticipate the central bank will enact a 25 basis point rate hike.
Read more »
Federal Reserve raises benchmark rate by 0.25 point despite bank turmoilThe Federal Reserve raises its benchmark rate by 0.25 point, balancing fight against inflation with risks to banking system
Read more »
Warren Says Trump-Picked Jerome Powell Has “Failed” as Chair of Federal ReserveSen. Elizabeth Warren is intensifying her scrutiny of federal financial regulators after the second-and third-largest bank failures in U.S. history.
Read more »
Gold Price Forecast: XAU/USD grinds beyond $1,940 support, banking crisis, Federal Reserve in focusGold price (XAU/USD) struggles for clear directions around $1,980, following a pullback from the yearly high above $2,000, as markets slip into the ca
Read more »
Five questions for the Federal Reserve as the banking crisis drags on | CNN BusinessThe Federal Reserve has a lot of balls in the air: Central bank officials are attempting to juggle their economic goals of maximum employment and price stability while maintaining financial safety and security in the midst of a banking meltdown.
Read more »
What if every American had the same Federal Reserve perks as banks?In the aftermath of Silicon Valley Bank failing earlier this month, the Federal Reserve announced it was further increasing its support for commercial banks, creating a plan that effectively backstopped all deposits, insured and uninsured, across the U.S. financial system. Banks with accounts with the Fed enjoy a number of perks like higher interest rates and instant transfers not available to average Americans and businesses, but one proposal could change that by creating a 'public banking option,' potentially helping millions of people.
Read more »