An educated citizenry is a vital requisite for our survival as a free people.
Search
Close
  • Support
  • Store
  • About
  • ThinkCivics+
Menu
  • Support
  • Store
  • About
  • ThinkCivics+
Sign In
Subscribe
Support
Home Economy

Fed Raises Interest Rates by .75 for 3rd Straight Meeting

ThinkCivics Newswire by ThinkCivics Newswire
September 21, 2022
in Economy
Reading Time: 1 min read
0
0
Fed Raises Interest Rates by .75 for 3rd Straight Meeting

RelatedPosts

U.S. Trade Deficit Surges To Record High Of Nearly $950 Billion

Find Out Which Companies Promote Leftism. Search This Database

Key Points

  • The Federal Reserve began its two-day meeting Tuesday, and economists expect the central bank to announce a third consecutive three-quarter point rate hike.
  • “This is really moving into restrictive monetary policy territory. We will be moving into no man’s land,” said one economist. “We actually haven’t tightened policy to fight inflation since the early 1980s.”
  • Any surprises may come in the Fed’s quarterly projections on inflation, the economy and interest rates.

Read the full article 

Update: 21SEP2022: 2:16 PM 

  • The Federal Reserve approved its third consecutive interest-rate rise of 0.75 percentage point and signaled additional large increases were likely at coming meetings as it combats inflation that remains near a 40-year high.
  • The decision Wednesday—unanimously supported by the Fed’s 12-member rate-setting committee—will lift its benchmark federal-funds rate to a range between 3% and 3.25%, a level last seen in early 2008.

Read the full article 

ThinkCivics Newswire

ThinkCivics researches, examines, and reports on issues that matter most. We deliver explanative, fearless, and insightful analysis for public consumption.

thinkcivics.com
Tags: Federal Reserveinflation
Next Post

Majority of American voters oppose teaching gender identity in schools

Rising homelessness tearing CA cities apart, Dems under pressure to fix problem

Rising homelessness tearing CA cities apart, Dems under pressure to fix problem

BREAKING: New York Attorney General Files Suit Against Trump Family

BREAKING: New York Attorney General Files Suit Against Trump Family

Facebook Twitter Rss
  • About
  • Advertise
  • Submissions
  • Contact Us
  • About
  • Advertise
  • Submissions
  • Contact Us
  • Policies & standards
  • Privacy policy
  • Terms and conditions

© 2023 ThinkCivics Media, LLC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
  • Login
  • Sign Up
  • Cart
  • Home
  • About
  • Store
  • Contact Us
  • Support Us
  • Join
Facebook Twitter Rss
© 2022 ThinkCivics Media. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In