WASHINGTON, May 4 (Xinhua) -- The U.S. Federal Reserve on Wednesday raised its benchmark interest rate by a half percentage point, marking the sharpest rate hike since 2000, as it takes more aggressive steps to rein in the highest inflation in four decades. The Federal Open Market Committe...
the Netherlands, on June 9, 2022. The European Central Bank (ECB) said on Thursday it will increase its key interest rates by 0.25 percentage points at its July monetary policy meeting. (Dirk Claus/ECB/Handout via Xinhua)
①Interest-rate rises aredauntingbecause much of the world has got used to an era of almost-free money. ②No G7 central bank has set interest rates above 2.5% in over a decade. ③Back in 1990 all of them were above 5%. ④Cheap financing has come to seem like anindeliblefeature of r...
But it could also pinch people's budgets as the Fed continues to normalize policy over the rest of 2022. Wall Street analysts expect the central bank to lift rates three or four times this year, with each increase boosting the benchmark federal funds rate by 0.25%, or even 0.5% if infla...
The Internal Revenue Service today announced that interest rates will increase for the calendar quarter beginning Jan. 1, 2023.For individuals, the rate for overpayments and underpayments will be 7 percent per year, compounded daily, up from 6 percent for the quarter that began on Oct 1. ...
The Federal Reserve on Wednesday approved its first interest rate increase in more than three years, and said it expects to keep raising through the end of the year.
Interest rates on CDs and high-yield savings accounts have jumped significantly in recent months but will they continue to increase?
The debate about whether or not to fix the interest rate on your home loan has been reignited, as the South African Reserve Bank puts its second, consecutive increase into effect. READ:Repo rate hike not unexpected, '2022 is still a good year for property' ...
Nine officials on the Federal Open Market Committee now expect a US rate increase next year, according to projections released on Wednesday, with the remaining nine pencilling in a later “lift-off”. In June, just seven officials wereforecastinga rise in 2022. The forecasts for an earlier rat...
Fed ChairJerome Powellmade the announcement on March 16, 2022. This was the first increase in the federal funds rate since 2018. Many economists believed the Fed would increase rates further to combat inflation, which was above thetarget of 2%. ...