Following the collapse of First Republic Bank earlier this week, the Federal Reserve is expected to deliver its 10th - and final - rate hike for a while today, bringing the rate to a range of 5% to 5.25%, the highest since 2007.
Federal Reserve officials delivered their fourth straight 75 basis-point interest-rate increase while citing that "ongoing increases" will likely be needed to bring rates to a level that is "sufficiently restrictive to return inflation to 2% over time."
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{
"uri": "/2023/05/03/fed-set-to-raise-interest-rates-again-to-highest-level-in-16-years/",
"title": "Fed set to raise interest rates again - to highest level in 16 years",
"byline": "Catarina Saraiva and Jonnelle Marte",
"kicker": "News",
"prettyDate": "May 03, 2023",
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"summary": "Following the collapse of First Republic Bank earlier this week, the Federal Reserve is expected to deliver its 10th - and final - rate hike for a while today, bringing the rate to a range of 5% to 5.25%, the highest since 2007.",
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{
"uri": "/2022/11/02/fed-hikes-interest-rates-by-0-75-again-hints-at-entering-final-phase/",
"title": "Fed hikes interest rates by 0.75% (again), hints at entering final phase",
"byline": "Jonnelle Marte",
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"prettyDate": "November 02, 2022",
"timeToRead": "4 minute",
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"summary": "Federal Reserve officials delivered their fourth straight 75 basis-point interest-rate increase while citing that \"ongoing increases\" will likely be needed to bring rates to a level that is \"sufficiently restrictive to return inflation to 2% over time.\"",
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